June 28, 2021

USA: Nike CEO Said "Nike Is A Brand That Is Of China And For China." Explains Nike Anti-American Sentiment And Their Close Ties To The Racist Marxist Black Supremacists In America.

BBC News, UK
written by Staff
Thursday June 24, 2021

The boss of Nike has made a robust defence of the firm's business in China after facing a consumer boycott there.

Chief executive John Donahoe said "Nike is a brand that is of China and for China" in response to a question about competition from Chinese brands.

Mr Donahoe was speaking during a call with Wall Street analysts about Nike's latest earnings report.

The comments come after the sportswear giant was recently hit by a backlash over statements about Xinjiang.

Mr Donahoe made the comments during a discussion on Nike's fourth quarter earnings, which showed revenues had doubled to a better-than-expected $12.3bn (£8.8bn) for the three months to the end of March.

That helped it bounce back to a $1.5bn profit, from a $790m loss during the depths of the pandemic a year earlier.

The figures also showed that revenue in China rose to more than $1.9bn, but missed Wall Street expectations of $2.2bn.

Mr Donahoe said he remained confident that China would continue to be a fast-growing market for the company due to its many years of investment there.

"We've always taken a long term view. We've been in China for over 40 years," he said.

"Phil [Knight] invested significant time and energy in China in the early days and today we're the largest sport brand there," he said in reference to Nike's co-founder and former chief executive who first saw the potential for growth in the country.

Nike did not immediately respond to a BBC request for further comment.

The company's shares rose by more than 14% during after-hours trade in New York.

Why was Nike boycotted in China?

Several Western brands, including Nike and Swedish fashion retailer H&M, recently faced a backlash from Chinese shoppers after the firms expressed concerns about the alleged use of Uyghur forced labour in cotton production.

In March, a group of Western countries imposed sanctions on officials in China over rights abuses against the mostly Muslim Uyghur minority group.

The sanctions were introduced as a coordinated effort by the European Union, UK, US and Canada.

In December, the BBC published an investigation based on new research showing China was forcing hundreds of thousands of minorities including Uyghurs into manual labour in Xinjiang's cotton fields.

What is Xinjiang and who are the Uyghurs?
  • Xinjiang, China's biggest region, produces about a fifth of the world's cotton. An autonomous region in theory, in reality it faces restrictions which have only increased in recent years
  • Millions of China's Uyghurs, a Muslim minority that sees itself as culturally and ethnically close to Central Asian nations, live in Xinjiang
  • In recent decades, mass migration of Han Chinese (China's ethnic majority) to Xinjiang has fuelled tensions with Uyghurs which has at points flared into deadly violence
  • This has resulted in a massive security crackdown and an extensive state surveillance programme, which critics say violate Uyghur human rights. China says such measures are necessary to combat separatism and terrorism
  • Uyghurs have been detained at camps where allegations of torture, forced labour and sexual abuse have emerged. China has denied these claims saying the camps are "re-education" facilities aimed at lifting Uyghurs out of poverty
PJ Media
written by Bryan Preston
Monday June 28, 2021

Nike, the global brand that sells billions of shoes and other sports equipment every year, would not be possible without the freedoms of the United States. It started in Oregon as Blue Ribbon Sports, importing and selling Japanese shoes before designing its own. It flourished and become one of the most successful American brands in the world. Nike could use that brand power to be an advocate for American values, if it shared them.

Nike has thrived under American freedoms but over the past few years, as it went woke, it signaled that it was growing skeptical if not hostile to its home country.

There was, most notably, its decision to hand former NFL QB Colin Kaepernick a $50 million contract after he knelt during the National Anthem to protest, he claimed, police brutality. Kaepernick’s activism since then has made clear that he was protesting America itself. Nike has kept him on and paid him more each month than many Americans make in a decade.

Nike recently held its quarterly earnings meeting. It has run afoul of the Chinese Communist Party for criticizing that party’s ghastly and racist slave labor practices. This criticism has put deals with China in jeopardy, putting a lot of money at risk. It’s put Nike in the position of making a choice.
“Nike is a brand that is of China and for China,” [Nike] CEO John Donahoe told Wall Street analysts last week in response to a question about competition from Chinese companies during a call about fourth-quarter earnings, the BBC reported.
That’s pretty clear. Donahue added that Nike always takes the “long view,” which in this context looks back at Nike’s 40 years in China and can be taken to mean that in the long run, he believes China will eclipse the United States.

Or he’s simply bowing to China’s brutal communist masters for the sake of making more money, hoping that Americans don’t get wind of his comments or have a problem with them.

Or a bit of both.

During the month of June, Nike has pretty much rejected the American flag as a symbol of inclusion.
Wall Street seems fine with Nike’s choice.
The company’s shares rose by more than 14% during after-hours trade in New York.
🚨👇 The nerve of Communist China to point the finger. 👇🚨
CGTN China media published March 20, 2021: China urges the West to address problems of racism, xenophobia violence
WION published May 5, 2020: Gravitas: Wuhan Coronavirus. African nations unite against China. A senator in Nigeria has introduced a motion - accusing China of institutional discrimination against Nigerians in China. WION's Palki Sharma tells you how African nations are calling out China.
AP Archive published November 16, 👉 2016 👈 China Company Apologizes for Racist Ad. A Chinese cosmetic firm is apologizing for an ad that is being called insensitive and racially biased. The ad begins with a Black man flirting with an Asian woman. After he's given a Qaiobi laundry detergent drop and stuff into a top loading washer, he emerges as an Asian man in a clean white t-shirt. The ad is being criticized as another sign of Chinese attitudes towards Africans.
UPDATE 6/28/21 at 10:26pm: Added info below.

Posted by Princess Mononoke at 7:55 PM

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