China's Dahua Technology to exit projects in Xinjiang
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2024
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Should l Buy ?
Source: Reuters
Dahua's Project Termination: Zhejiang Dahua Technology has announced the termination or exit from five projects in Xinjiang, with some already ceased and others still operational, as part of asset disposal and debt resolution efforts.
Context of Withdrawal: This decision follows similar actions by Hikvision and comes amid U.S. sanctions against Dahua for alleged involvement in human rights abuses in Xinjiang, which the company and the Chinese government have denied.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
