Xinjiang cotton controversy: 30-fold jump in online prices of Li Ning, Anta footwear as market crackdown looms


Key Topics in this News Article:

News Snapshot:

Former NBA Miami Heats Dwyane Wade stands in front of a company logo of Li Ning during a promotional event for Li Nings Way of Wade sneakers in Beijing in July 2013. Wade signed a multi-million dollar contract with Li Ning in 2012 but the sneakers that bear his name are in short supply. Reuters The controversy over Xinjiang-produced cotton has fired the imagination of many Chinese punters, as nationalistic buying fervour sends some home-grown footwear brands to uncharted speculative heights. Prices for some shoes produced by Li Ning and Anta Sports surged by at least eight-fold on an obscure...