Worried that the whole tainted export thing might further poison their image, China this week revoked the export licenses of 750 toy factories citing quality control problems. The move came just as the Senate Commerce Committee passed the CPSC Reform Act, which would strengthen domestic toy safety standards and impose penalties of up to $100 million on companies that sell dangerous toys.
Despite the announcement of the license suspensions, Chinese regulators said 99 percent of toy exports in southern Guangdong Province, near Hong Kong, met quality standards.
