One of China’s most secretive and expansive orgs

 8-24-20   One of China’s most secretive and expansive organisations, the Xinjiang Production and Construction Corps, has moved into an international spotlight.  The US sanctions have multiple implications for XPCC, from choking off bank loans to curbing its farm exports, such as cotton and tomatoes. They could also threaten its investments.  

  XPCC, which is involved in a myriad of industries, from construction and infrastructure to property and farming, has stakes in more than 800,000 companies and groups in 147 countries, according to US consultancy and commercial intelligence firm Sayari, which prepared a report on the conglomerate's structure.

  The sanctions are linked to what China’s authorities call re-education camps for local Uygurs and other ethnic minority groups in Xinjiang, but what the US and United Nations have said are forced labour internment camps holding as many as 1 million people. Legal experts said enforcement of the sanctions would face challenges due to the sheer size of XPCC, dubbed a “state within a state” by China scholar Thomas Cliff at Australian National University.

  Fred Rocafort, a former US diplomat to China who now works for international law firm Harris Bricken, said the sanctions were a positive development in the US tackling what is happening to Uygurs in Xinjiang, but taking on the XPCC was still a surprise.  “It’s a big deal.  I was slightly surprised in terms of the magnitude of this action,” he said.  “It’s comparable to sanctioning a Chinese province or a very large Chinese city … There are probably not many entities in China, whether they are political or business, which has that size.  [XPCC] is a weird beast.”  https://www.scmp.com/news/china/diplomacy/article/3098490/xinjiangs-sprawling-conglomerate-may-be-biggest-ever-face-us
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