It is said that Hollywood movie producers know that to break into the Chinese market, they must avoid the “three T’s”: Tibet, Taiwan and Tiananmen Square. The English word cotton, it turns out, also has “two T’s”; in today’s high awareness of democracy and human rights, to avoid the “five T’s”, how easy it is?
Some analysts say that China’s future depends on the “four Ds” (decoupling/decoupling): decoupling of the textile industry, decoupling of agricultural products, decoupling of science and technology, and decoupling of the yuan from the dollar. The faster China decouples from the West, the worse it will be for China. According to a 2010 report by the mainland media First Financial, as of June 2008, Nike still had 136 OEM factories in China, employing 266,000 people, 70% of whom were migrant workers. But with the gradual increase in labor costs in China, fashion brands including Nike, Adidas, H&M, Zara and others have chosen to find new foundries in Vietnam, India, Bangladesh and others. Accelerate the “D (decoupling) process”, which means a lot of job losses in China!
In the Taiwanese language there is a proverb called “bad play dragging shed” which means that it is Time-consuming and ineffective. If the “Xinjiang cotton storm” continues to drag on like this, I’m afraid it will be a scene of “bad play dragging shed”!