On the heels of the pet food scandal, a toothpaste crisis has begun.A few weeks ago pets in the US started dying. Authorities linked it back to a supplier in China, and the government here has made an effort to come down hard on the maker. Now word has coming out that toothpaste in the Dominican Republican with Chinese origins was contaminated with an industrial chemical which is highly toxic if swallowed. The two events are likely to change the way China looks at regulation of its industries.
There are also problems with trade going the other way, as Time reports on how the love for eating turtles in China is causing problems in the US.
One area of the Chinese economy that is developing quickly is the investment world. With the Blackstone deal over the weekend bringing attention to the increasingly sophisticated nature of Chinese investors, the Financial Times has come up with a guide for knowing how to talk it up with local stock brokers. You know someone may have been spending too much on ghost shares when they start meat slicing.
China is also hoping to develop its high-tech area, and space is on the agenda. Mars by 2009, at least a probe anyway, is the goal for the PRC.
But back on earth, the local papers report that the environment is still the big concern.
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