“Xinjiang cotton” triggered China’s boycott of H & M, Nike and other international brands, but China’s financial self-media V Cao Lei (Cao Shanshi) broke the news that in recent years, BCI’s funding mainly from Adidas, Nike board of directors, that is, BCI Gold owners are Americans, so “the Xinjiang cotton incident is actually is the epitome of the U.S.-China trade war”.
He also pointed out that Nike, Adidas will not loosen up and admit defeat, it is more advantageous for them to transfer the industrial chain. Meanwhile, the ban has now caused a huge impact on the price of cotton in Xinjiang, traders began to sell, and continue to cause pressure in the coming years.
Cao Lei (Cao Shan Shi) quoted in the microblogging “former BCI China project director”, known as BCI China’s second in command, on the Xinjiang cotton fiasco. Experts pointed out that in recent years, BCI’s funding mainly from Adidas, Nike board. The United States has gradually mastered the BCI discourse. Therefore, this incident is actually the epitome of the U.S.-China trade war.
Europe and the United States refused to use Xinjiang cotton from last year began to ferment, experts pointed out that many Chinese textile enterprises to consider exports, last year has begun to use imported cotton. The industry is worried that the incident has been extended, the fear will affect China’s textile export orders. As the current commodity prices have been very high, and the impact of the Epidemic has reduced global demand for cotton, coupled with the BCI incident affects the Chinese textile industry cotton demand, the market research judgment of the recent cotton traders are afraid of selling, resulting in a further decline in cotton prices, and in the next few years will continue to cause pressure.
Experts also pointed out that, because of the impact of the Xinjiang cotton ban, the textile industry accelerated last year to Vietnam, while the market research judge Nike, Adidas will not be loose to admit defeat, it may be more advantageous for them to transfer the industrial chain.
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