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Nike Defends Its Business Interests In China

 

BBC: Nike boss defends firm’s business in China 

The boss of Nike has made a robust defence of the firm's business in China after facing a consumer boycott there. 

Chief executive John Donahoe said "Nike is a brand that is of China and for China" in response to a question about competition from Chinese brands. 

Mr Donahoe was speaking during a call with Wall Street analysts about Nike's latest earnings report. 

The comments come after the sportswear giant was recently hit by a backlash over statements about Xinjiang.  

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WNU Editor: Nike is not the only American company defending their business interests in China. You have the NBA, Disney, Applied Materials, and hundreds if not thousands of business interests who want to see tariffs removed.

I visited a NIKE factory in Fujian in 1988 when I was working in that province. The Chinese appreciated the investment and the jobs that it created, and Nike appreciated how cheap they could produce their running shoes. When you pay your Chinese employees a few dollars a day, how can American workers compete.

I knew at that time that in the long run this was not sustainable for the U.S.. But this imbalance continues, and the US media narrative says this imbalance that favors China is a good thing .... U.S.-China trade dispute harms Americans (Politico). I hope I will be around when the American public finally wake-up to what is being done to them.



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