Xinjiang’s sprawling conglomerate may be biggest ever to face US sanctions

Xinjiang’s sprawling conglomerate may be biggest ever to face US sanctions

  • Three officials from the Xinjiang Production and Construction Corps have been put on a US sanctions list for links to alleged human rights abuses
  • XPCC has stakes in more than 800,000 companies and groups in 140 countries

One of China’s most secretive and expansive organisations, the Xinjiang Production and Construction Corps, has moved into an international spotlight it would probably rather avoid after the entity and three of its officials were put on a United States sanctions list for links to alleged human rights abuses.Known as XPCC, the organisation operates in the area of China that shares its name, Xinjiang, an autonomous region three times larger than France in China’s far west that borders Afghanistan, Pakistan and India.

The US move against XPCC and its majority owned subsidiaries could be the biggest case in the history of the Office of Foreign Assets Control, the agency under the US treasury department that enforces financial sanctions, for the potential number of holdings affected. The sanctions have multiple implications for XPCC, from choking off bank loans to curbing its farm exports, such as cotton and tomatoes. They could also threaten its investments.