China is facing a lot of problems while it is rising. The stunning news in the early 2010 of its illegal cooking oil shocked both its citizens and the world. It is reported that the oil is made from kitchen waste and its annual profit of the industrial chain of is approximately 20 billion RMB. Read more:http://www.china.org.cn/china/2009-11/17/content_18902587.htm；http://www.nytimes.com/2010/04/01/world/asia/01shanghai.html
The followings are some of the process of retreiving, producing and using the illegal oil:
As mentioned above, the annual profit is extremely small compared to the other industry in China. Why such a low yield but high hazardous industry is so prevalent in China? There must be some thing wrong with the business ethic.
As the industry is run by the disadvantaged, it reflects the lack of ethic of those individual proprietors, especially their expand of greed. They have no regardness of social responsibility but only care about making profits. Although it is upon to different person whether to assume the social responsibility according to Milton Friedman, you can’t bring about social problems. The main ethics problem is those oil makers forget the basical principle of business which is running the businiess without deception and fraud.