Sunday, November 2, 2008
China 's weekend crack down on the food chain
Contacts in H.K. tell me that China has confiscated and destroyed more than 3,600 tons of animal feed tainted with melamine over the weekend.If this is accurate it will be the biggest food safety crackdown in years.Apparently the government has closed 238 illegal feed makers after a massive operation involving more than 369,000 government inspectors.Again if this is accurate this is a huge shift in Central Government attitude.It is a very clear indication that China wants to operate in global markets as credible suppliers.It fits with its moves to establish itself as major, if not the major, global economy. Watch this space.