Chinese official media last week suddenly rehashed old scores, blasting H&M, Nike and other international brands had issued a statement refusing to use Xinjiang cotton, in the private sector once triggered a boycott, but in the brand price cuts and other concessions, the boycott tide quickly cooled, but there was a rush to buy.
The President of the European Union Chamber of Commerce in China, Joerg Wuttke, said in an interview with Bloomberg TV on Tuesday (30) that the Chinese anger at brands such as H & M will eventually die down: “What should happen really let it happen, keep a low profile and wait for the storm to pass and then start again”, because “Chinese users love European products and brands”.
China’s rapid economic recovery from the Epidemic has “saved” many companies, he said, but at the same Time exposed companies to various political pressures. However, he said, in the long run, the situation will also hurt China, including the impact on employment, “China is certainly also difficult to get out of the whole body.
Recent Comments