Fashion brands face boycotts in China over Uyghur stance
Published Date: 3/26/2021
Source: CNBC Television
Andy Rothman, Matthews Asia investment strategist, joins 'Closing Bell' to discuss the rise of retail investors in China and how the approach to investing has changed. To see more of the interview with Rothman sign up for a free trial to CNBC Pro: https://cnb.cx/3tYGsOQ Swedish clothing retailer H&M disappeared from major Chinese shopping sites and mapping apps after resurfaced comments, reportedly from last year, about its concerns over alleged forced labor in China’s western region of Xinjiang. A CNBC search for “H&M” and “hm” in English on Taobao, the e-commerce site run by Alibaba, and JD.com yielded no results. Meanwhile, Alibaba-owned mapping app Amap as well as Baidu Maps did not display any results for the search term “H&M.” JD.com declined to comment when contacted by CNBC. Alibaba and Baidu were not immediately available for comment. Xinjiang is home to the Uyghur Muslims, who have been identified by the United Nations, United States, United Kingdom and others as a repressed ethnic group. In their first coordinated move in response to allegations of forced labor, the U.S., European Union, Britain and Canada jointly imposed sanctions on Chinese officials this week over China’s alleged human rights violations and abuses in Xinjiang. H&M faced backlash from Chinese users on Twitter-like service Weibo who responded to a resurfaced statement by the retailer. Reuters said the statement was from last year. CNBC could not ascertain when the H&M statement was first published. At the time, H&M said it was “deeply concerned by reports from civil society organisations and media that include accusations of forced labour” in Xinjiang, a cotton producing region, according to Reuters. The company said it did not source products from there. That statement appears to have been removed from the Swedish retailer’s website. H&M was not immediately available for comment. A joint statement by the U.S., U.K. and Canada this week said that evidence of human rights violations and abuses in Xinjiang, “including from the Chinese Government’s own documents, satellite imagery, and eyewitness testimony is overwhelming.” The countries cited forced labor as one of the features of “China’s extensive program of repression,” along with mass detentions and forced sterilizations. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV