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To: Morgana

Smart move. ANYTHING made in China is garbage. Product liability insurers in the West, and in the U.S. partyicularly are taking a huge hit if their insureds distribute any Chinese products (or if they are insane enough to underwrite a Chinese manufacturer directly). And, in the case of distributors, good luck going after the Chinese manufacturers or producers for ultimate indemnification or contribution.

The term “Chinese junk” was aptly applied to their native watercraft...and everything else coming out of that
sh!thole. They reverse-engineer everything, cut corners, and substitute their cheap components for the more stable Western-designed and manufactured ones.

Walmart survives because it has very good risk transfer agreements with its distributors. In other words, Walmart has contracts that pass all liabilities off on to their distributors, who eagerly sign those contracts because of the volume Walmart deals in. And those distributors are often subsidiaries of Western holding companies that tell their own insurers that if they want to underwrite the good Western business they also have to underwrite the shit Chinese stuff. That worked for awhile, when the insurers could make some money on the cash flow through investments, but those days are over, and the insurers are taking a bath on the Chinese crap.

I know of what I speak, because I deal with this every day.


18 posted on 01/06/2015 4:53:56 PM PST by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: ought-six

partyicularly = particularly (obviously). That’s what comes from using on such a small keyboard.


19 posted on 01/06/2015 4:55:35 PM PST by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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