Chinese rabies vaccine maker accused of falsifying data; shares plunge 10%
President Xi Jinping has denounced the Changsheng Bio-technology scandal as ‘vile and shocking’ and causing a social media ‘tsunami’
Shanghai — Changsheng Bio-technology, the Chinese vaccine maker accused of falsifying data, plunged deeper into crisis on Tuesday with police and the country’s top graft watchdog launching investigations into the firm. Eager to contain snowballing public outrage over the scandal and maintain confidence in China’s vaccine industry, authorities have responded with sharp condemnation and calls for swift punishment. President Xi Jinping has denounced the scandal as "vile and shocking". "Anything that touches on drug or food safety also involving children is just a huge, hot button in China," said Kent Kedl, Shanghai-based senior partner at consultancy Control Risks. Chinese citizens are now openly asking why authorities haven’t done more to prevent the issue, he said, adding that the government needed to show it was taking a tough stance to ensure this did not become a problem that threatened social stability. "This is probably the highest-evel of code red that the government faces." Ch...
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