Great and Stupid !

I heared an item of news that says:
A chinese factory had produced a new production of kids toys then exported them to various countries .
Afterwards a laboratory of a country that imported these kinds of toys proved that the plastic mixture which toys were made of contains a toxic substance that could be transfered to user kids by touch. Newspapers wrote about that news . When the chinese authorities heared about the matter,
they tried hard to make sure of its reality.
Few days later, they had no doubt it was right.
A case has been seen by a court. Its judgement was to hang the chairman of the producing company!
Have i properly understood that item of news ?