new study found.
More than 80 per cent of companies apologised upon facing backlash for actions or advertising seen as infringing on China's territorial integrity, such as the status of Taiwan and Tibet or the pro-democracy protests in Hong Kong. The findings underscore how China's 1.4 billion shoppers have gone from untapped goldmine to potential minefield for global consumer brands.
H&M - the biggest corporate target in the Xinjiang-related boycott wave last year - didn't apologise, stating that it has always respected Chinese consumers and was devoted to its long-term growth in the country. The clothing brand is still cancelled on nearly all e-commerce platforms to date. The varying apology rate could be due to intense scrutiny on Xinjiang's forced labour issue in Europe and North America. While firms may be able to stomach the reputational cost of being less supportive of Taiwan's sovereign claim, for example,"it is much harder to imagine that they would be comfortable with accusations of being implicated in what some western parliaments and governments have labelled genocide," the study said.
The think tank examined boycott incidents between 2008 and 2021. Besides the general intensification since 2016, researchers found that boycotts reached a peak in 2019, when the US-China trade war was playing out. The Swedish National China Centre was established last year and is largely funded by the Swedish government to inform policy makers and businesses about China.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blinken in Thailand to shore up regional support, counter China pushBANGKOK: The United States and Thailand signed agreements on Sunday (Jul 10) to deepen the countries' already strong ties as Washington steps up its efforts to counter China's expanding influence in Asia. US Secretary of State Antony Blinken and Thai foreign minister Don Pramudwinai pledged to advance part
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong mulls health code similar to China to fight Covid, says reportstraits_times ....and hastening the business exodus from the territory....? ML03509599V2 Home safe system is a tool to oppress people. Say no to vaccine. Social credit system.🚨 COVID19 WuhanVirus While the rest of the world is moving on n living w/ COVID19, only China n HongKong take tougher n tougher measures. It is not about public health. It is about SURVEILLANCE!
Source: STForeignDesk - 🏆 4. / 71 Read more »
China regulator fines Alibaba, Tencent for disclosure violationsगयल भैस पानी मे 😬😬😬
Source: STForeignDesk - 🏆 4. / 71 Read more »
Couple in China both donate a kidney to save teen twin daughtersA Chinese couple have donated one kidney each to save their teen twin daughters who suffered renal failure, local media has reported. The twins, aged 18, are recovering after doctors in Wuhan, central China’s Hubei province successively transplanted one kidney from their mother, surnamed Hu, and another from their father, surnamed Liu, to them in April and June, Hubei Television...
Source: asiaonecom - 🏆 10. / 59 Read more »
China detains alleged Henan bank fraud 'gang' after rare mass protestsBEIJING: Members of a 'criminal gang' accused of taking control of local banks have been arrested in central China after rare protests over alleged financial corruption sparked violent clashes between customers and authorities. China's rural banking sector has been hit hard by Beijing's efforts to rein in CCP always attempt to hide the truth and expect people to believe what they say
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Commentary: China files the most patents but does this mean it surpasses US in knowledge production?China’s production of more intellectual property (IP) does not automatically translate into a strategic advantage in economic competition with the United States. High-quality IP is needed amid globalisation, say two researchers
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »