Rock climbing equipment is sold by name and reputation. There is not a government standard but climbing equipment is tested to destruction by the International Mountaineering and Climbing Federation (the UIAA). The UIAA produces one of the best private safety standards in existence.
Now to add to children's toys containing lead there is fake climbing equipment coming out of China. Petzl - a reputable manufacturer - has been putting out warnings about equipment which copies their logo and stamps but does not meet UIAA standards. The equipment fails under 70 percent of required test loads.
The Chinese frauds I write about will hurt you financially.
This Chinese fraud will splatter your brains on the ground.
Whilst it is trite to say fake rock climbing equipment is a geo-political issue fake rock climbing equipment and lead in toys will fan protectionist flames - and I doubt that will be constructive.
Bluntly: corporate manslaughter through fraud is something no civilized society takes lightly. This is headed in that direction.
The content contained in this blog represents the opinions of Mr. Hempton. Mr. Hempton may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Hempton's recommendations. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author. In particular this blog is not directed for investment purposes at US Persons.