DIRS.INFO The most relevant business & tech news

☆ US adds three Chinese companies to forced labor entity list involving Uyghurs
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Sept 26 (Reuters) - The United States has added three Chinese companies to the forced labor entity list involving Uyghurs, according to a government posting on Tuesday, as part of an effort to eliminate forced labor practices the U.S. supply chain. The action targets Xinjiang Tianmian Foundation Textile Co, Ltd; Xinjiang Tianshan Wool Textile Co. Ltd, and Xinjiang Zhongtai Group Co. Ltd, according to the post. A 2021 law, the Uyghur Forced Labor Prevention Act Entity List (UFLPA), prohibits U.S. imports that are either produced in Xinjiang or by companies identified on the list, unless the importer can prove the goods were not produced with forced labor. The list identifies entities working with the government of the Xinjiang Uyghur Autonomous Region to recruit and transport Uyghurs, Kazakhs, Kyrgyz, or members of other persecuted groups out of the region. U.S. officials believe Chinese authorities have established labor camps for Uyghurs and other Muslim minority groups in Xinjiang, China.

Persons: Doina Chiacu, Karen Freifeld, Susan Heavey Organizations: United, Foundation Textile Co, Wool, Co ., Xinjiang Zhongtai, Labor, U.S, Thomson Locations: United States, Xinjiang, Xinjiang Uyghur Autonomous Region, U.S, China, Beijing

☆ Opinion: The ‘rising superpower’ myth about China
▼ + stars: | 2023-09-07 | by ( Opinion Peter Bergen | Joel Rayburn | ) edition.cnn.com time to read: +12 min

He was the US Special Envoy for Syria and the senior director for Iran, Iraq, Syria and Lebanon on the National Security Council staff during the Trump administration. After that, China’s National Bureau of Statistics said it would suspend publishing youth unemployment data in the future. What does it signify that China’s national power, which today is vast, is almost certain to be weaker in the future? If Xi and his strategists have a feasible plan for nimbly averting China’s demographic doom, they are keeping very quiet about it. This brings us back to the question of national security strategies for the United States and its allies.

Persons: Peter Bergen, Peter Bergen ”, Joel Rayburn, Trump, Biden, Saddam Hussein’s, Lloyd Austin, China’s, Xi Jinping, Stephen Shaver, ”, Ng Han Guan, Xi, China “, ” Trump Organizations: New, Arizona State University, Apple, Spotify, American Center for Levant Studies, New America, US, National Security Council, CNN, Strategy, Pentagon, of Defense, Development Research Center, Communist Party, UPI, Manpower, Census Bureau, National Bureau of Statistics, Financial, China’s Southwestern University of Finance, Economics, Rocky, United Nations, Beijing, Pew Research Center, Communist, Trump administration’s National Security, Twitter, Trump Locations: New America, Syria, Iran, Iraq, Lebanon, Washington, China, United States, Saddam Hussein’s Iraq, al Qaeda, Ukraine, People’s Republic of China, Beijing, India, Yarkent County, China's Xinjiang Uyghur Autonomous Region, Saudi Arabia, USSR, Russia, Russia’s Ukraine, Vietnam, Korea, Italy, Japan, Taiwan, Hong Kong

☆ House China committee targets top clothing brands in forced labor inquiry
▼ + stars: | 2023-05-03 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

A shopper carries a bag of Nike merchandise along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. WASHINGTON — A House committee examining the U.S. government's economic relationship with China is asking some of the world's largest clothing companies for information about the use of forced labor during production — a potential violation of U.S. trade law. Lawmakers asked retailers Temu, Shein, Nike and Adidas North America about the use of materials and labor sourced from the Xinjiang Uyghur Autonomous region of China, according to letters sent to company leaders on Tuesday. Such practices would constitute violations of the 2021 Uyghur Forced Labor Prevention Act, according to the lawmakers. The inquiries also follow a March hearing of the committee that included an expert assessment finding that U.S. companies finance "state-sponsored forced labor programs in the Uyghur region."

☆ Congress presses Chinese fast-fashion giant Shein on forced labor
▼ + stars: | 2023-05-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —US Congress is stepping up the pressure on Chinese fast-fashion giant Shein. The United States has banned all imports from the Xinjiang region over concerns of the use of forced labor. Lawmakers “are demanding transparency and seeking independent verification — free from state influence — that the company does not use Uyghur forced labor,” according to the letter. A Shein spokesperson told CNN that the company has no suppliers in the Xinjiang region and it has zero tolerance for forced labor. The letter illustrates how Congress is scrutinizing Shein and rival fast-fashion app Temu amid their surging popularity in the United States.

☆ Lawmakers urge SEC to crack down on Chinese retail giant Shein over alleged forced labor
▼ + stars: | 2023-05-01 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Bipartisan lawmakers are urging the nation's top markets regulator to require Chinese fast-fashion giant Shein to disclose potential forced labor practices ahead of the company's possible initial public offering in the United States. "As a global company, Shein takes visibility across our entire supply chain seriously. We have zero tolerance for forced labor." "Other experts argue that it is appropriate to presuppose that any product made in the XUAR is made with forced labor." Independent coalition Shut Down Shein has also called on the SEC to deny IPO registration to Shein unless it provides proof of compliance with the Uyghur Forced Labor Prevention Act.

HONG KONG, Nov 28 (Reuters Breakingviews) - Protests across China underscore a rising fear among people that President Xi Jinping’s stringent pandemic restrictions may be here to stay. Still, new daily cases hit over 40,000 on Nov. 27. Cities accounting for 65% of the country's GDP are under some sort of lockdown as of Friday, per Goldman Sachs analysts. Any end to the near-daily mandatory Covid tests and strict quarantine rules will be bumpy due to a huge unvaccinated population. As of November, about 27 million citizens aged 60 and above have not been jabbed against Covid, Breakingviews calculated from official data, and another 36 million elderly people have yet to receive their second dose.

☆ U.S. blacklists Chinese firm selling video surveillance tech to Iran
▼ + stars: | 2022-12-15 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +7 min

“The Chinese Communist Party is weaponizing technology companies to further its geopolitical goals,” Rubio said in an email. Human rights advocates and lawmakers are concerned Iranian authorities could use Tiandy’s video surveillance technology to help squelch a wave of anti-regime protests in the country. The Biden administration last month effectively banned the sale or import of new equipment from a number of Chinese surveillance firms. China has strongly rejected U.S. criticism of Chinese tech companies and of its treatment of Uyghurs or other Muslim minorities in the country. But he said it was “absurd” to portray Chinese technology as a security threat.

☆ UAW calls on automakers to move supply chain out of Xinjiang region
▼ + stars: | 2022-12-06 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] Police officers patrol in the old city in Kashgar, Xinjiang Uyghur Autonomous Region, China, May 4, 2021. REUTERS/Thomas PeterWASHINGTON, Dec 6 (Reuters) - The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China's Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor. "The time is now for the auto industry to establish high-road supply chain models outside the Uyghur Region that protect labor and human rights and the environment," said UAW President Ray Curry. "In some cases, Uyghur forced labor is apparent at multiple steps" of parts manufacturing, mining, refining, pre-fabrication and assembly, it added. Curry called on the U.S. government to "devote the necessary resources to allow Customs and Border Protection (CBP) to effectively identify and ban the importation of products made with forced labor."

☆ Piper Sandler upgrades Array Technologies, says solar stock can surge on improved forward outlook
▼ + stars: | 2022-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Solar stock Array Technologies has outperformed this year, and Piper Sandler thinks there's even more upside to come. Analyst Kashy Harrison upgraded Array Technologies to overweight from neutral, saying an improved forward outlook has the firm bullish on the manufacturer of solar tracking systems. Regardless, the analyst expects that Array, which is up 13.6% in 2022, will continue to outperform. Array Technologies rose 3.8% in Monday premarket trading. "We acknowledge near term risks associated with the UFLPA but see the potential for a more pronounced '23 market recovery," Harrison added.

Search resuls for: "Xinjiang Uyghur Autonomous Region"

9 mentions found