China's Ministry of Commerce preliminarily finds PVH Corp. engaged in improper practices in Xinjiang.
What impact that will have on the company remains unclear, but investors were taking a cautious stance and sent shares ofChinese officials have “repeatedly heard statements and defenses from PVH Corp. and reviewed the written materials submitted by the U.S. company,” Xinhua said. “The final investigation results will be made public in accordance with the law.
In itself, that was not unusual for Western fashion firms producing goods in China and looking to ship them to the U.S. “China has always handled issues related to its Unreliable Entity List with caution, and the list targets only a handful of foreign entities that jeopardize China’s national security,” said Xinhua, citing a spokesperson for the Ministry of Commerce.
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