Why, then, have Chinese manufacturers not done more to improve the quality of their goods?
While it might be helpful to have Chinese cooperation in after-the-fact investigations of alleged auditing failures, regular inspections try to head off those failures in the first place.
WSJ: Business Asia: There's No Accounting for China's Accounting
In May, jingdaily.com posted a roundup of Chinese-language articles that looked at the possible benefits a depreciating euro would have for Chinese travelers, shoppers and overseas students.
The behavioral scientists Elke Weber and Christopher Hsee have compared Chinese and American approaches to financial risk.
Rough competition and weaker overseas markets have hit Chinese solar entrepreneurs hard in the several years.
We have seen Chinese companies changing their ways, "but perception counts", he told the audience of business leaders.
The Russians have historically regarded Central Asia as their own backyard, as have the Chinese to some extent.
To give them an edge, Australian hotels have introduced Chinese television channels and congee on the breakfast menu.
ECONOMIST: China��s new middle class goes farther for its holidays
The soup is considered a must-have at Chinese wedding banquets and corporate dinners as a matter of wealth, pride and prestige.
FORBES: California Goes Soup Nazi: No Shark Fin Soup for You!
"I would say we don't have a Chinese style yet, " Wang says.
Heavily regulated fuel prices have discouraged Chinese refiners from producing cleaner diesel, as the higher costs can't be passed on to consumers.
More significantly, however, these inflation concerns have stoked Chinese gold investment demand, increasing nearly 70% in 2010 according to the World Gold Council.
Content providers like Google have always needed to obtain local licences, and have thus been required to have a Chinese subsidiary or partner.
Other researchers at Mount Sinai have found Chinese herbal medicines successful in mice and are conducting trials on people with food allergies, she said.
Indonesia's ethnic Chinese have their own newspaper, and Chinese firms compete with U.S. and European companies for Indonesia's vast reserves of oil, minerals and gas.
This time they realized that it was important to have a Chinese-speaking team in place that could better navigate its way around the local market.
Will China's internet continue to have distinctively Chinese characteristics?
Add to that the growing concern that the global economy is once again stumbling and that commodity prices may be near a top, and you have a Chinese deal-making market that has gone from 60 to zero in no time.
Stores in shopping districts like Myeongdong have added Chinese-speaking staff, their headquarters are using Korean celebrities popular across China and Southeast Asia in advertisements, and glitzy duty-free stores are dropping European luxury brands to give more space to Korean cosmetics chains that are less expensive but more popular in the Asian region.
FORBES: Chinese Tourists Head To South Korea Following Japan Row
Successive presidents or their officials have visited China, accompanied by business delegations eager to sell more to the one-billion-plus Chinese, and have tried to persuade the Chinese to sign contracts and make trade concessions.
While Americans have consumed their way into a deep hole, the Chinese have just begun to open their wallets.
Now that those exports have helped make the Chinese richer, they have more to spend on food, clothing and shelter.
FORBES: Stronger Yuan Makes Life Harder For Chinese Exporters
The Economist has interviewed, anonymously, executives past and present at 11 Western companies that have been bought by or have sold stakes to Chinese firms, or have been in negotiations to do so.
ECONOMIST: What it feels like to be bought by a Chinese firm
Most have seen their lives improve in the past two decades, and 400 million Chinese have lifted themselves out of poverty.
This mismatch has also been evident for the last half decade when coal prices have more than doubled while Chinese electricity charges have increased by only a third.
And just around the corner of here is the Khoo Kongsi, the most spectacular assembly hall in Penang, a testament to the influence the Chinese have had on this island's culture (Penang is the only majority-Chinese state in Malaysia).
We have seen it in investment banks where Chinese walls have been ignored and information freely passed about.
应用推荐