A bipartisian gropu of China hawks on Capitol Hill sent sent a letter to MSCI's President Henry Fernandez outlining "significant concerns" after the firm removed its forced labor red flag for Volkswagen's factory in China.
The Volkswagen factory in Xinjiang is known for using Uyghur forced labor, This led MSCI, an American finance company, to grant Volkswagen a “red flag” rating in 2022. However, MSCI , relying on an audit the lawmakers describe as "flawed," made the decision to lift Volkswagen’s “red flag” rating.
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