Coronavirus Causes A Dramatic Collapse Of China’s Economy
Beijing (Forbes) - A series of newly released economic indicators show a dramatic decline in China’s economy due to the coronavirus outbreak. The collapse in industrial production, retail sales and fixed-asset investment was much more serious than analysts had expected. The data, released Monday, can serve as a warning to other countries as to the coronavirus’ toll on the economy. Industrial production, a gauge of manufacturing, mining and utilities activity, dropped 13.5% in
Study Links Nike, Adidas And Apple To Forced Uighur Labor
Beijing (Forbes) - Nike, Adidas, Apple, Microsoft and Samsung are among 83 multinationals that have been linked to forced labor by Uighurs in factories across China, according to a new study by the Australian Strategic Policy Institute (ASPI). According to the researchers, Uighurs, a persecuted ethnic minority from China’s western Xinjiang region, have been funneled to work in factories in other provinces under conditions “that strongly suggest forced labour.” The report esti
China’s Factories Are Reeling From Forced Coronavirus Closures
Beijing (Forbes) - China mandated factory shutdowns across most of its provinces last month as it struggled to control a new coronavirus epidemic that started in its central metropolis of Wuhan. Factories were supposed to remain closed for another 10 days after the weeklong Lunar New Year holiday and reopen on February 9. When that day arrived, Cui Kexu, like thousands of factory owners across China, was waiting for an official green light to restart production. None came. Al
