China has started a campaign to band Western retailers after the U.S., U.K., Canada. Therefore the European Union imposed sanctions over human rights abuses against ethnic group Uyghurs in Xinjiang. The problem started when the Communist Youth League amplified a months-old statement from Sweden’s Hennes & Mauritz AB expressing concern about forced labor reports within the far west region and quickly spread to other companies.
Shares of H&M, Nike Inc and plummeted as Chinese government official endorsed the band and celebrities cut ties with brands including Adidas, New Balance, and Japan’s Uniqlo.
After the band of Western retailers, there may be changed in the world economy