Coca-Cola Chlorine Scare: Effects on Economy

"Beijing (China Daily/ANN) - The Coca Cola Co apologized on Friday for the way it has dealt with a scandal that arose after some of itsdrinks were alleged to be contaminated with chlorine.

In response to the accusations, the company temporarily halted production at its bottling plant in Shanxi province on April 28. Shortly before that, the provincial food-safety watchdog had conducted an inspection of that site and confirmed earlier media reports which alleged that drinks produced from February 4 to February 8 there were made with water containing unusually large amounts of chlorine.

Of the 120,000 boxes of drinks, 76,391 were distributed in Shanxi.David G. Brooks, president of the US beverage giant's China and South Korea branches, said customers and distributors who have the drinks in their possession, or even bottles that had contained a contaminated beverage, can call the company to have them replaced or get their money returned. His remarks came at a news conference held on Friday in Taiyuan, capital of Shanxi province." - [link]

Even though this is only a scandal and was not proven true, this could highly affect the current reputation of the Coca-Cola company  in the soda industry, or even to the country itself. It will make the demands of the buyers to decrease as people will be quite scared to buy as they increase their awareness. This may either lead to lessening of the Soda products to decrease in quantity, as their profit will gradually increase. This is bad for Coca-Cola because China is a heavy-populated country, which means there are a lot of buyers. If they lose this country, then they'll have to reduce factory workers, supply, and the quantity of the goods.  

China fights the Philippines for Scarborough Shoal: Stressing out the details on Economy

Did you already hear the latest news about China claiming the Scarborough Shoal? this issue was not only found in the newspaper or on their corresponding websites, but also in Social Networking Sites like facebook (user-made posts and pictures about the whole issue) and twitter (there was a trending topic called  #OccupyPhilippines and it was about people from the Philippines hacking a website in China [Link]).
 If not, then here's an overview:

"Thursday, April 19, 2012
MANILA -- China said Wednesday that the Philippines is violating maritime law by claiming a shoal in the South China Sea and dismissed Manila's request to take the dispute to an international court.
"We believe it runs counter to historical facts and violates the law," said Liu Weimin, a spokesman for the Foreign Ministry.
Philippine Navy and Chinese maritime patrol vessels engaged in a standoff last week over a fishing incident near the Scarborough shoal in the South China Sea, an area both sides claim as sovereign territory... " 
- Sunstar Manila (Link)
  
 China claimed that the island was theirs in the first place, saying something about historical events and whatnot. They also claimed that the Filipino residents had no right whatsoever to claim and own Scarborough Shoal when it is in the Exclusive Economic Zone (EEZ) of the Philippines. This issue was and is still alarming to the fact that this was part of our resources and if they take it, the economy might get lower. Remember the Spratly islands issue? China also nonchalantly claimed that the island was theirs and it shouldn't be a part of the Philippine territory? it's the same issue that's happening right now, but in another different setting.


Weird isn't it?  Why would a country so economically prosperous target territories of a third-world country with almost no economic advancement at all? They should stop bullying and stop claiming too much land. In all honesty, the Philippines should own Scarborough Shoal, and even the Spratly islands.

To continue on with my actual topic, since i know that this whole essay is going out-of-hand, I'll give out certain reasons what would happen if Scarborough Shoal was taken by the Philippines in terms of Economics. firstly,
 the resources the Philippines can find in the Scarborough Shoal may help in rising their economy since it's a rich fishing ground, helps, unlike China that has a wide land to cover containing a lot of resources that can support its people. Also, since the Philippines has low unemployment rate, the island and the reef can help since the government will hire more miners and fishermen for it. More territories mean more resources, and more resources mean more workers. Finally, the Philippines might pay off some of its debts if ever they will own it.