ShanghaiEye魔都眼 China reacts to Zijin Gold deal being probed in US, debunking Xinjiang ‘Forced Labor’ rhetoric

Bloomberg: Morgan Stanley is currently facing scrutiny from the U.S. House China Committee regarding the underwriting of an IPO for a Chinese mining company Zijin Gold, which took place in September. The issue is whether the transaction may have helped Zijin’s parent company, which is on the U.S. blacklist for allegedly violating restrictions on using forced labor in Xinjiang. Does the Chinese Foreign Ministry have any comment on this scrutiny of Morgan Stanley related to the mining company and its IPO?

Lin Jian: I’m not familiar with the commercial activities that you mentioned. The so-called allegation of “forced labor” in Xinjiang is nothing but a lie propagated by anti-China forces. Let me say that the U.S. agency which keeps vilifying China with baseless accusations has again and again peddled the narrative that has been proven false by facts and groundlessly suppressed Chinese companies. This will only further expose the agency’s zero credibility and its intention of political manipulation and end up hurting the U.S.’s own interests and reputation.   

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