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Elton John and Years & Years Unveil New Single, It s A Sin : Pressparty

Xinjiang solar firm debunks forced labor lies by hosting Western media, analysts

Xinjiang solar firm debunks forced labor lies by hosting Western media, analysts Zhang Dan in Shihezi, Xinjiang Published: May 12, 2021 11:08 PM A view of Xinjiang Daqo Photo: Zhang Dan/GT Xinjiang Daqo, a high-purity polysilicon manufacturer in Northwest China s Xinjiang Uygur Autonomous Region, sought to debunk accusations of using forced labor , as it opened its doors to solar industry analysts from top financial institutions and journalists from English-language media.  By showing off its production lines equipped with advanced robots and a small number of workers, the company proved to the guests that its highly automated operations are not labor-intensive and that forced labor claims fabricated by some Western anti-China forces are groundless. 

GLOBAL MARKETS-Inflation fears spook US stocks, Treasury yields jump

MSCI’s global stock gauge down for third straight day U.S. Treasury jump on inflation data NEW YORK, May 12 (Reuters) - U.S. stocks fell again on Wednesday as benchmark Treasury yields jumped after data showed consumer prices unexpectedly rose by the most in nearly 12 years in April, prompting bets on earlier interest rate hikes. Moments after data showed the U.S. consumer price index jumped 0.8% last month, outpacing a 0.2% forecast, the dollar spiked, only to tumble minutes later to stand little changed. The gyrations in financial markets underscored concerns among some investors that the Federal Reserve could be wrong in its prediction that inflation pressures in the United States are “transitory”, and that the central bank may have to raise rates sooner than it currently expects to.

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