Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. ramps up warnings of business risks in China's Xinjiang region

Stock MarketsJul 13, 2021 05:42PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Security guards stand at the gates of what is officially known as a vocational skills education center in Huocheng County in Xinjiang Uighur Autonomous Region, China September 3, 2018.REUTERS/Thomas Peter/File Photo

By Michael Martina and David Shepardson

WASHINGTON (Reuters) - The U.S. government on Tuesday strengthened its warnings to businesses about the growing risks of having supply chain and investment links to China's Xinjiang region, citing forced labor and human rights abuses there.

"Given the severity and extent of these abuses, businesses and individuals that do not exit supply chains, ventures, and/or investments connected to Xinjiang could run a high risk of violating U.S. law," the State Department said in a statement.

Signaling broader U.S. government coordination on the issue, the Department of Labor and the U.S. Trade Representative's Office joined in issuing the updated advisory, first released on July 1, 2020 under the Trump administration by the State, Commerce, Homeland Security and Treasury departments.

The Treasury Department declined to comment on a Financial Times report that the United States would impose more sanctions this week in response to China's crackdowns in Xinjiang and Hong Kong.

A source familiar with the matter told Reuters they were hearing the administration was preparing new sanctions, but had no details on the timing. Another source told Reuters the administration could announce a similar business advisory covering Hong Kong as soon as Friday, based on deteriorating conditions there.

The new advisory announced on Tuesday strengthens warnings to U.S. companies, noting they are at risk of violating U.S. law if their operations are linked even "indirectly" to the Chinese government's "vast and growing surveillance network" in Xinjiang. The warning also applies to financial support from venture capital and private equity firms.

It also summarized previously announced actions taken by the Biden administration to address alleged forced labor and rights abuses in Xinjiang, including a U.S. Customs and Border Protection ban on some solar product imports, and sanctions on Xinjiang companies and entities.

On Friday, the administration added 14 Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang.

The advisory said China's government continues "horrific abuses" in Xinjiang and elsewhere "targeting Uyghurs, ethnic Kazakhs, and ethnic Kyrgyz who are predominantly Muslim, and members of other ethnic and religious minority groups."

China denies abuses and says it has established vocational training centers in Xinjiang to address religious extremism.

USTR Katherine Tai praised Canada, Mexico and other U.S. partners and allies for committing to ban the import of goods made with forced labor.

"I want to commend our allies for sending a clear sign that there is no place for forced labor in a fair, rules-based international trading system," she said in a statement.

President Joe Biden has sought to enlist help from U.S. allies to hold Beijing accountable for human rights abuses and what the White House says are increasingly coercive foreign and trade policies.

State Department spokesman Ned Price told a regular news briefing Washington would continue to hold Hong Kong authorities accountable for the erosion of the rule of law and would impose "costs and sanctions" on Chinese officials responsible for human rights abuses, including forced labor.

He said risks to the rule of law that were formerly limited to mainland China were now increasingly a concern for Hong Kong, but made no specific mention of any new measures.

U.S. ramps up warnings of business risks in China's Xinjiang region
 

Related Articles

Morrisons-CD&R shareholder vote set for Oct. 19
Morrisons-CD&R shareholder vote set for Oct. 19 By Reuters - Sep 27, 2021

LONDON (Reuters) -Shareholders in British supermarket group Morrisons will get to vote on the $10 billion takeover offer from U.S. private equity group Clayton, Dubilier & Rice...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (7)
Limin Tandiono
Limin Tandiono Jul 13, 2021 6:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Don't you guys think US should care more about Haiti and try to help the people of Haiti from the desperate life rather than pointing at and blaming china for Xinjiang while the people there are living in happy life. Is US acting out of its own interest or at the interest of the global human right ?
Show previous replies (1)
Limin Tandiono
Limin Tandiono Jul 13, 2021 6:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
How many times have you visited China and Xinjiang? i am surprised how easily people now buying into the western propaganda, which is coming out of the envy against China development.
divad mocihc
9divaD Jul 13, 2021 6:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Limin Tandiono I’ve been to Haiti personally and know two people that have been to Xinjiang. As far as buying into propapanda, you must believe a wet market is to blame for the pandemic. It’s a fool’s paradise.
Limin Tandiono
Limin Tandiono Jul 13, 2021 6:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
9divaD, if China is a fool's paradise, than i can say america NOW has become a fool's dream.
Limin Tandiono
Limin Tandiono Jul 13, 2021 6:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Most chinese are happy with their government than american are with US government. The fact speaks for itself
Limin Tandiono
Limin Tandiono Jul 13, 2021 6:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
China is not north korea that surpress its people. China yes is a dictator system, but it works very hard for the welfare for its people, what the democracy system should be doing but sadly not.
CHADWICK RICHINGTON
CHADWICK RICHINGTON Jul 13, 2021 5:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The USA is a communist country
Limin Tandiono
Limin Tandiono Jul 13, 2021 5:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
USA is a democracy that falling into plutocracy.
Jack Zhang
Jack_A Jul 13, 2021 4:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
don't invade other countries, much better than investing in the lie!!!
Al Gore
Al Gore Jul 13, 2021 1:23PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
very good
David David
David9 Jul 13, 2021 1:23PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
why good? explain...
Taska Luwenskie
Taska Luwenskie Jul 13, 2021 11:57AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
All but an excuse to curtail China's recovery and growth.
David David
David9 Jul 13, 2021 11:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If it is forced labor then they need to explain to us why there are hundreds of YouTubers showing people dancing and laughing and having a great life... they owe us an explanation...
Benjamin McIntire
Benjamin McIntire Jul 13, 2021 11:40AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Stop
hung san tan
hung san tan Jul 13, 2021 11:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
how about force labour in us? China should blacklisted those corporate in us?
Ty Rafael
Ty Rafael Jul 13, 2021 11:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It's not just about forced labor. The CCP has and will continue to torture, force abortions and sterilization, separate families, detain, etc. You must not know what's been going in there for years.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email