This is a CBS, I in the world. I'm John Bachelor.

Chris Wiegel, CEO of scholar.com, a global technology firm transforming the retail space with

digital signage. This is the scholar report immediately to China. Chris, a very

good evening to you. I tell an anecdote from a colleague of mine that in some cities in China

party officials or their hirelings are going into people's homes, apartments

inspecting the appliances and other goods in the house that you

purchase for the kitchen or the bathroom or the children, and they check them to see what date they were purchased.

They're serial numbers.

And if they're not up to date, the resident is obliged to buy another one,

newer right now, and the appliance that they're handling is

other confiscated or will be at such and such a date.

All this is presented to me as the Chinese Communist Party's idea of a domestic

consumer market. We talked about this the last time about the fake everything

underground in Shanghai.

Have you heard any stories about people's homes being inspected for up-to-date

washer and dryers?

Good evening to you.

So, John, it's not an uncommon story.

The Chinese government certainly seeks to have a fully domestic

consumerized industry, like the United States, with the communist touch as Mr.

she would see it. However, the Chinese tend to be profligate savers. So on consumer

items, they will wear them until they have completely failed you don't have

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