International fashion companies are facing accusations that their processed cotton comes from Uyghur forced labor. The Chinese government speaks of a labor transfer program. But some companies are dissolving their cooperation with producers from China.
By Felix Lee
The government in Beijing wants to establish the renminbi as a global reserve currency. While the Chinese currency is becoming increasingly popular for trade and financial transactions, it has so far been unable to pose much of a threat to the US dollar. There is simply a lack of confidence in the Chinese financial system, according to Arvind Subramanian and Josh Felman.
By Ning Wang
