
H&M and Nike are facing a boycott in China
CNN
H&M, Nike and other big Western apparel brands are facing a boycott in China because of the stand they've taken against the alleged use of forced labor to produce cotton in the country's western region of Xinjiang.
H&M and Nike said months ago that they were concerned about allegations that forced labor has been used to produce cotton in Xinjiang, but they've now been caught in an escalating firestorm that has erupted on Chinese social media over the past day. Swedish multinational H&M, the world's second-largest clothing retailer, has been pulled from major e-commerce stores in China, and a prominent celebrity has cut ties with the brand. Nike (NKE) and Adidas, among other brands, have also faced heavy criticism.More Related News

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday. That’s the fastest growth rate in two years.












