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Li-Ning’s Xinjiang Link Sends World’s Largest Sovereign Fund Fleeing

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The world’s largest sovereign wealth fund has sold off its stake in Chinese sportswear giant Li-Ning, citing the “unacceptable risk that the company contributes to serious human-rights violations” in the Xinjiang Uyghur Autonomous Region of northwestern China, where reports of genocidal crimes against local Muslim minorities continue to proliferate. Norges Bank Investment Management, which operates…

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