Chinese companies entering the market in East Turkistan are increasing

Amid allegations of forced labor being part of what it calls “Chinese racial genocide,” and while all products from East Turkistan are viewed as forced labor products, Chinese companies going public in the region continue to increase.

According to a June 23rd report from the Chinese propaganda outlet Tianshan Net, by the end of April this year, there were 61 A-share companies listed in East Turkistan with a total market value of 751.9 billion yuan. Among these, one company had a market value exceeding 100 billion yuan, three companies exceeded 50 billion yuan, and 13 companies exceeded 10 billion yuan.

The text states that Chinese authorities in the region annually select and cultivate about 100 factories for stock market listing through various incentives. In 2024 alone, the total business revenue of listed companies in East Turkestan reached 709.782 billion yuan, accounting for 34.57% of the region’s total production value.

Historical Context:

The number of listed companies grew from 14 in the 1990s to the current 61, with expanding sectors.

Critical Perspective:

The article characterizes this economic development as concealing "various crimes" including forced labor, exploitation of natural resources, environmental destruction, and what it terms "racial genocide."

International Response:

It references the U.S. Uyghur Forced Labor Prevention Act implemented in June 2022, which presumes all products from the region are made with forced labor, and mentions that some Chinese companies from the region have been placed on sanctions lists.