New product quality system introduced
China has adopted an electronic system to improve the monitoring of the quality of food and toy exports, China Economic Net reported. Pu Changcheng, deputy director of the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ), said the electronic corporate credit system would rate Chinese firms from A to D on their product quality record. The top firms would enjoy favorable policies such as tax allowances, easier access to bank loans, and less hassle at customs, while the bottom companies would be gradually removed from the market. A total number of 23,675 Chinese firms have been ranked. The system would also enable consumers to access detailed product information via phone, the Internet and special machines, Pu said.