Nike CEO: We Haven’t Been More Vocal on China’s Abuses Because ‘China’s a Very Important Market’

.@Nike has had a long history operating in and working with China. CEO John Donahoe joined us to talk about how the company navigates that region. $NKE pic.twitter.com/fGPPklVkhL

— CNBC’s Closing Bell (@CNBCClosingBell) August 5, 2021

On Thursday’s broadcast of CNBC’s “Closing Bell,” Nike CEO John Donahoe responded to a question on why Nike hasn’t been more vocal on human rights issues in China by stating that they participate “in sport all over the world, including China. China’s a very important market for us.” And maintained that they have “a very responsible global supply chain.”

Co-host Sara Eisen asked, “Some are wondering, John, why you have not been more vocal, as a company, around some of the human rights abuses in China, when you have been so out front on societal and social issues here in the U.S.?”

Donahoe responded, “Well, as I said earlier, Sara, that sport — we think sport’s a global phenomenon, and an important phenomenon. So, we participate in sport all over the world, including China. China’s a very important market for us. We have a long-term history in China. … And so, we take a very long-term view in China. We’re continuing to invest in China and we’ll continue to invest in China, while also operating a very responsible global supply chain.” – READ MORE