China Stocks: China Fire & Security Group
The 2008 Summer Olympics focused attention on China like no time in recent history. The high-tech opening and closing ceremonies gave the world a glimpse of how far the Middle Kingdom has come.
There are still many areas, though, in which the Chinese lag behind. As China has grown more prosperous and attracted Western investment, the Chinese government has made a significant push to enact a body of laws to bring China up to snuff on regulatory matters and match the quality and security standards of the United States and the European Union. In addition to passing legislation in the areas of financial transparency, intellectual property and labor issues, China has made significant strides in beefing up its industrial safety image.
One area that has received attention is fire codes. Last year, officials passed a new set of national fire codes that prompted Chinese companies to upgrade operations and fully comply with the new standards. According to experts, few are in compliance (three-quarters of iron and steel companies, for example, are still working to meet the new regulations).
An enterprise at the center of Chinese industry's efforts to catch up to the developed world is China Fire & Security Group, Inc. (Nasdaq:CFSG), a leading industrial fire protection product and solution provider. Based in Beijing, Chinese Fire is engaged primarily in the design, manufacture, sales and maintenance of a . . .
There are still many areas, though, in which the Chinese lag behind. As China has grown more prosperous and attracted Western investment, the Chinese government has made a significant push to enact a body of laws to bring China up to snuff on regulatory matters and match the quality and security standards of the United States and the European Union. In addition to passing legislation in the areas of financial transparency, intellectual property and labor issues, China has made significant strides in beefing up its industrial safety image.
One area that has received attention is fire codes. Last year, officials passed a new set of national fire codes that prompted Chinese companies to upgrade operations and fully comply with the new standards. According to experts, few are in compliance (three-quarters of iron and steel companies, for example, are still working to meet the new regulations).
An enterprise at the center of Chinese industry's efforts to catch up to the developed world is China Fire & Security Group, Inc. (Nasdaq:CFSG), a leading industrial fire protection product and solution provider. Based in Beijing, Chinese Fire is engaged primarily in the design, manufacture, sales and maintenance of a . . .
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