Recalls of Chinese goods by U.S. companies almost tripled in the past three months, threatening to cut overseas revenue for the world's biggest consumer- products exporter.
Mattel Inc., the world's largest toymaker, withdrew more lead-tainted products from China last week, bringing the value of recalled toxic and dangerous Chinese goods to $430 million since June 6, from $152 million a year earlier, according to figures compiled from U.S. Consumer Product Safety Commission data. The value of goods withdrawn from American shelves this year totals $1.08 billion.
Retail products are fueling China's expansion, with the fastest-growing major economy exporting $344 billion of consumer goods last year. Safety scares including poisonous toothpaste, defective tires and harmful toys have hurt sales at companies from Mattel to Menu Foods Income Fund, the owner of a Canadian pet-food maker.
``Right now `Made in China' might be making consumers pause a little longer than they might have,'' said Sean McGowan, a Wedbush Morgan Securities analyst in New York.
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