In the News: PVH Investigated Over Quitting Xinjiang; Chinese WuXi Seeks Buyers For US Business; Draft Law to Protect Private Sector

October 16, 2024 | BY

Clarence Lee &Krista Lee

Calvin Klein parent PVH investigated by Chinese government after pulling out of Xinjiang; Chinese biotech firms targeted by U.S. BIOSECURE Act seek to sell U.S. subsidiaries; and China promises to protect private business while maintaining the existing economic order is still important.

Credit: Henry Saint John/Adobe Stock

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China Investigates Western Firms Pulling out of Xinjiang

Western firms such as Calvin Klein and Tommy Hilfiger are in a difficult position, following China's investigation of their parent company PVH, which has stopped buying goods from Xinjiang, the New York Times reports.

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