Forwarded from 📡Guardians of Hong Kong
Western brands caught between US and China over human rights
Western companies are being forced to choose between supporting human rights and profits from China, caught up in a battle the US and its allies are waging with Beijing over its persecution of Uyghur Muslims.
As China comes under scrutiny ahead of the 2022 Beijing Winter Olympics, human rights activists are urging companies to take a stand over the repression of Uyghurs, which the US this week formally declared was “genocide”.
The rising pressure comes as Beijing has begun whipping up nationalist opposition to brands such as Nike and H&M that have voiced concerns about Xinjiang or vowed to eliminate the use of forced labour from the northwestern Chinese region from their supply chains. While some companies have stood their ground, others have removed criticisms from their websites.
Source: FT #Apr02
https://www.ft.com/content/a0be4094-2aba-4275-a3ca-ec5e58cc5032
#China #XinjiangCotton #Xinjiang #BeijingOlympic2022 #ChinaGenocide
Western companies are being forced to choose between supporting human rights and profits from China, caught up in a battle the US and its allies are waging with Beijing over its persecution of Uyghur Muslims.
As China comes under scrutiny ahead of the 2022 Beijing Winter Olympics, human rights activists are urging companies to take a stand over the repression of Uyghurs, which the US this week formally declared was “genocide”.
The rising pressure comes as Beijing has begun whipping up nationalist opposition to brands such as Nike and H&M that have voiced concerns about Xinjiang or vowed to eliminate the use of forced labour from the northwestern Chinese region from their supply chains. While some companies have stood their ground, others have removed criticisms from their websites.
Source: FT #Apr02
https://www.ft.com/content/a0be4094-2aba-4275-a3ca-ec5e58cc5032
#China #XinjiangCotton #Xinjiang #BeijingOlympic2022 #ChinaGenocide
Forwarded from Hong Kong Democracy Movement
On Feb 4, #XiJingPing signed a 30-year gas deal with Putin. This happened when Putin visited #Beijing at #BeijingOlympic2022. This explains the relationship between #CCP & Russia & the financial backup #Putin is able to receive during #UkraineWar.
The deal will be settled in Euro. The only way #CCP is able to pay Russia is to use the banking system in #HongKong. Because Russia is now sanctioned & not able to use SWIFT, this will also put HK Dollar at risk.
The deal will be settled in Euro. The only way #CCP is able to pay Russia is to use the banking system in #HongKong. Because Russia is now sanctioned & not able to use SWIFT, this will also put HK Dollar at risk.