Electric Rice Cookers and Kitchen Appliances

consumer electronics: The Cabinet document lays out an unusually detailed wish list: better electric rice cookers, kitchen appliances, smart toilet seats and smartphones, according to The Toronto Star. China makes most of the world consumer electronics, furniture and toys but domestic brands available at the prices its poor majority can afford are of uneven quality. The development plan issued this week strikes a blow for China consumers, calling for better products to help create an economy driven by domestic consumption instead of trade and investment. The country has been plagued by repeated scandals over shoddy or fake food, medicine and other goods. Until now, official development plans have ignored deficiencies in products for the local market, treating the Chinese public as a source of labour rather than the rightful beneficiaries of economic growth. The latest plan says its goals are part the ruling Communist Party campaign to make the state-dominated economy more productive by shrinking bloated companies in steel and other industries. (news.financializer.com). As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.