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Posted By Global Banking and Finance Review

Posted on January 24, 2025

Senior UK lawmaker says consumers and investors want truth on China cotton

LONDON (Reuters) - The chair of a British parliamentary committee said on Friday that British consumers and investors wanted the truth on whether products with cotton from China's Xinjiang province were sold by online fast-fashion retailer Shein in Britain.

In a letter to the Business and Trade Committee, Shein, which is planning a London initial public offering, clarified that no cotton from Xinjiang is used in products sold in the United States but did not say whether it is used in goods sold in the UK.

"I just want to know the truth and I think British consumers want to know the truth and if that (IPO) moment ever comes I can tell you British investors are going to want to know that truth," Labour lawmaker Liam Byrne told Reuters.

(Reporting by James Davey; editing by Michael Holden)

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