Understanding China, One Blog at a Time

An American in China

China’s Lack of Credibility Causes Chinese Losses of 600 RMB Billion Per Year

Posted by w_thames_the_d on May 5, 2011

The chinadaily reports that lack of crediblity causes Chinese companies 600 billion RMB per year. I guess that is only reasonable as shitty chinese products, customer service and waste cause the world hundreds of billions in frustration, heachaches and rework….

from here

“Lack of credibility causes Chinese enterprises to lose 600 billion yuan ($92.36 billion) every year, according to Ministry of Commerce statistics, the Economic Information Daily reported Wednesday.”

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