China’s Shady Accounting Practices and Bad Apples

Aug. 3, 2011 - PRLog -- In 2008, the National General Administration of Quality Supervision, Inspection and Quarantine raised the flags when a pediatric urologist noticed a rise in the number of children afflicted with kidney stones, a rare condition. Mounting fears and inquiries causally traced the source to then-popular Chinese infant milk powder, Sanlu, which was found laced with melamine.

Sanlu Group, a Chinese dairy produce company, based in Shijiazhuang in Hebei province, was found guilty and was ordered bankrupt after an estimated 300,000 infants fell ill - and at least 6 died from the tainted milk scandal.

This episode ignited what was perhaps the first wave of widespread international concern and skepticism over quality assurances in the “Made in China” label.

Headlines in the recent weeks have once again refocused the spotlight on bad practices in Chinese brands and companies.

Just last week, Chinese officials uncovered five fake Apple stores in the southwestern city of Kunming, and suspended two of the faux outfits as investigations are underway, a local government website reported on Monday.

The investigation follows a blog post by an American living in Kunming in Yunnan province who spotted the bogus Apple stores decorated, designed and modeled to the tee as the genuine Apple stores.

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