MUJI’s head office, The Goodwill Project, issued a statement today (26) expressing its “deep concern” over recent reports of human rights abuses in Xinjiang.
After the imposition of sanctions by European and American countries against China for persecuting human rights in Xinjiang, the Communist Youth League and some bandits in the Great Wall of China launched a Boxer Rebellion style attack to boycott foreign brands that reject Xinjiang cotton, among which the European Swedish H&M was the first to bear the brunt, The Japanese brand MUJI China headquarters said yesterday (25) to the Chinese media, did not reject Xinjiang cotton, there are still a large number of Xinjiang cotton products being sold. MUJI’s head office Ryokan Project issued a statement today (26) that it is “deeply concerned” about recent reports of human rights abuses in Xinjiang, Ryokan Project said it has investigated the factories supplying its goods there and found no major problems.
Ltd., which operates MUJI, said in a statement today that it is “deeply concerned” about recent reports of human rights abuses in Xinjiang, China, according to a Reuters report today, adding that it has investigated factories supplying its products in Xinjiang and found no major problems. It also stressed that it is currently working to ensure that the legal norms regarding human rights in Xinjiang are followed in Europe and the United States. Following the statement, Ryokan’s shares fell as much as 6.8 percent on the Tokyo Stock Exchange, while UNIQLO parent Fast Retailing also fell in early trading.
According to Bloomberg, Iwai Cosmo Securities (Iwai Cosmo Securities) analyst in Tokyo Masayoshi Arisawa (Shoichi Arisawa) pointed out that he was worried that the Ryokan plan’s stance on Xinjiang would lead to some impact outside of China, and that although the company has not yet become the main target of a boycott by Chinese consumers, investors may Although MUJI has not yet become the main target of the Chinese consumer boycott, investors may sell their shares for fear of a prolonged incident.
According to Apple News, UNIQLO Taiwan responded that the company does not have any production partners in Xinjiang and will not affect Taiwanese consumers in terms of sales.
Earlier, 12 Japanese companies, including MUJI, UNIQLO, said that for “confirmed” the use of forced labor in Xinjiang, Chinese companies will stop doing business with them, especially for the cotton industry. MUJIQLO China headquarters yesterday to the Chinese Communist Party‘s official media “Global Times” response said: “There is no boycott of Xinjiang cotton, and our company has been using Xinjiang cotton.”
Japanese brand MUJI China headquarters yesterday (25) said to the Chinese media, did not reject Xinjiang cotton, there are still a large number of Xinjiang cotton products are being sold.
Ltd. today (25) in the Tokyo Stock Exchange share price fell as much as 6.8%.