China: Wal-Mart apologises for mislabelled pork
Date: 11 Oct 2011
Wal-Mart sold pork that was falsely advertised as organic, according to the local government in Chongqing. Thirteen of the company's stores have been temporarily closed and some of its employees have been arrested.
Wal-Mart said that it was taking steps to ensure no recurrence of the mis-selling, and has apologised to customers affected.
The revelation came after a period where there had been several incidences of pork products contaminated with an illegal additive, a fact which would have increased the appeal of the 'organic' label. As things currently stand in China, there is no reliably robust organic certification system.
China has been one of Wal-Mart's fastest growing markets, with nearly 350 stores across the country and new stores opening at a rapid rate.
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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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