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US Homeland Security: 37 CN Firms Incl. ZIJIN MINING Under Ban of Export to US
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The U.S. Department of Homeland Security placed 37 Chinese companies on the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. Such companies are banned from exporting to the U.S. for allegedly forcing labor on Uyghurs in Xinjiang, including mining, solar energy and textile companies. They include Huafu Fashion, one of the world's largest textile manufacturers, and 25 of its subsidiaries; photovoltaic companies Donghai JA Solar and Hongyuan Green Energy; and mining company ZIJIN MINING (02899.HK) and three of its subsidiaries. A total of 144 companies have been placed on the list since the U.S. law came into effect at the end of 2021, which will limit the entry of their goods into the U.S. Earlier, the Chinese Ministry of Foreign Affairs had strongly condemned the U.S. for similar practices, saying that the U.S., on the basis of lies, is bent on implementing the draconian laws related to Xinjiang and placing Chinese enterprises on the sanctions list, which seriously disrupts the normal order of the market, seriously violates the rules of international trade and the basic norms of international relations, and attempts to create forced unemployment in Xinjiang, and infringes upon the right to life, employment and development of the Xinjiang masses in the name of human rights. AAStocks Financial News |
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