Thursday, October 23, 2008
Good business is good PR. One wonders why Wal-Mart did not monitor its Chinese suppliers more closely in the past. In any event, the company is doing it now and because it is large, it can impose rules that smaller buyers cannot. This, more than anything else, will serve to clean up Chinese manufacturing. The Chinese government should be grateful Wal-Mart has acted. It is in the best interests of both the government and the company. Eventually, Chinese manufacturers will understand that the decision is in their best interests as well.