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Millions For Food Safety

May 21st, 2010

While on its way to become the world’s second largest economy, China has just accepted funding for an initiative that might have been self-financed:

The World Bank will provide a $100 million loan to the People’s Republic of China to improve food safety efforts, Food Production Daily reported yesterday. The loan, the bank’s largest ever for a food safety initiative, will fund 70 percent of the China’s initiative to up the safety of agricultural commodities from the Jilin Province.

Foreign Policy’s Evan Feigenbaum recently pointed out that China contributed a paltry $1.5 million towards the $5.3 billion raised for Haiti relief, “less than the cost of a house in some of the tonier suburbs of Shanghai.”

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