People who understand the world of cross-border manufacturing know that this news angle is rubbish. Matel, Fisher-Price and the other multinationals are responsible for providing detailed specs to manufacturing plants. The plants don't know the safety rules in the country the goods are shipped to; they might not even know where the goods are destined. The company that hires them is responsible for telling them exactly which paint to use - they can't just leave it up to the Chinese plant manager and hope he doesn't decide to use leaded paint. They can't just accept goods without testing. If they do, then it's their fault.
Maybe this is just another case of the media getting a story wrong. Coincidentally though, the US government seems obsessed with China as the only threat to American world supremacy. China is too strong, too robust economically, and too damn big. Whenever I hear a story that bashes China, I take a long breath and wonder who initiated it.
See also: Climate Wars