News Snapshot:
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 e-commerce platform called Dewu. The phenomenon follows a surge in the share prices of Chinese apparel makers as Chinese consumers snubbed foreign brands in what the US called a state-led boycott. A Li Ning pair named after former NBA basketball star Dwyane Wade sold for as much as 48,889 yuan (US$7,459) on Dewu, or 33...
