China: Toy industry body to inspect factories
Date: 10 Oct 2003
The International Council of Toy Industries is to begin inspecting factories, mostly amongst the 10,000 factories in China, to ensure they meet health, labour and safety codes.
The Council, whose members account for 95 percent of the world's annual toy sales, said that voluntary inspections will begin in the next month against its code of conduct providing a set of standards on wages and safety.
Announcing the initiative, the Council's spokesman predicted that many manufacturers would be unlikely to meet the standards at first, but they would provide the impetus for improvement in the future.
Although inspections will begin in China, the initiative is expected to spread to other key countries in due course - particularly Mexico, Brazil, Romania and Thailand.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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