We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Wal-Mart Protests China Fines; Calls On Government To Do More To Ensure Food Safety

April 13, 2014: 12:00 AM EST
After being fined $9.8 million over the previous three years by Chinese authorities, U.S. retailer Wal-Mart told China’s regulators that they also need to improve their product safety rules and policies. Some of the retailer’s alleged violations include misleading prices, selling products that did not meet quality standards and selling donkey meat that was later discovered as fox meat. In China, unlike in the U.S. and most other countries, manufacturers are not accountable for food safety problems. Instead, foreign-owned retailers, Wal-Mart in particular, often bear the brunt of government regulators’ actions. In contrast, regulators do not frequently visit stores owned by local grocery companies or often issue fines against them. Some market analysts said Wal-Mart’s risky move has enough basis, especially after the retailer had implemented various steps to ensure the quality and safety of food products it sells in the country.
Laurie Burkitt and Shelly Banjo , "Wal-Mart Cries Foul on China Fines", Wall Street Journal, April 13, 2014, © Dow Jones & Company, Inc.
Food Safety
Policy & Regulation
Companies, Organizations
Legal, Legislation, Regulation, Policy
Market News
Developed by Yuri Ingultsov Software Lab.