The real problem for Beijing is that consumption, the only sustainable part of the Chinese economy, looks far softer than officially reported, something evident from the widely followed China Beige Book survey. Spending will not fully recover until the coronavirus pandemic passes, and that is unlikely to happen soon due to China’s barely effective vaccines.
In any event, Washington must begin enforcing laws, especially those banning the importation of products made with forced or slave labor.
Japan’s Uniqlo is not the only brand that has been implicated. Nike and Apple have, through subcontractors, apparently used such labor. […]
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