Consumer electronics
Founded in 1958 as a state-owned enterprise manufacturing products for the military, they switched to making products for civilian use in the 19-70's. Today they are China's second largest television manufacturer. Their CHiQ brand entered the Australian market in 2017.
Company Ownership
Sichuan Changhong Electric Co Ltd
CHN
Government of the People's Republic of China
owns 54% of Sichuan Changhong Electric Co Ltd
CHN
Communist government
All power within the government of the People's Republic of China is divided among three bodies: the Chinese Communist Party, State Council, and the People's Liberation Army. In recent years China has been consolidating it's state-owned assets and inviting private investors to invest (often family members of high ranking government officials), however in most cases the government retains control and majority ownership. We have listed State-Owned Enterprises (SOEs) simply as subsidiaries of China's government, although in reality company ownership is often more complex.
Company Assessment
(Last updated Jan 2023)
Praise
Criticism
Information
Sichuan Changhong Electric Co Ltd
Praise
Information
Criticism
8.44% for supply chain practices in China
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 8.44/100 (retrieved 24 Nov 2023).
Source: IPE
(2023)
Workers rights in China
A 2023 report by China Labor Watch investigated labour conditions in China's consumer electronics sector using three stages of research: analysis of social media posts, case studies through online research, and in-person factory investigation. Labour abuses identified in factories supplying this company include
illegal use of student interns, wage theft and wage arrear.
Source: China Labor Watch
(2023)
Government of the People's Republic of China
Praise
Information
Criticism
Investing in single-use plastic waste
This company is the world's 2th largest equity owner of companies producing single-use plastic waste, according to Minderoo Foundation's 2021 Plastic Waste Makers Index. Institutional asset managers and global banks are providing billions of dollars to companies that produce polymers from fossil fuels, as much as 100 times more than they provide to companies trying to shift to a circular economy. Plastic pollution is one of the biggest, most urgent threats facing our planet and our health.
Source: Minderoo Foundation
(2021)
Human rights abuse
Amnesty International's 2020 report on China states "The year was marked by harsh crackdowns on human rights defenders and people perceived to be dissidents, as well as the systematic repression of ethnic minorities. The beginning of the year saw the start of the COVID-19 outbreak in Wuhan, which killed more than 4,600 people in China. People demanded freedom of expression and transparency after authorities reprimanded health professionals for warning about the virus. At the UN, China was strongly criticized and urged to allow immediate, meaningful and unfettered access to Xinjiang. Stringent restrictions on freedom of expression continued unabated. Foreign journalists faced detention and expulsion, as well as systematic delays to and refusals of visa renewals. Chinese and other tech firms operating outside China blocked what the government deemed politically sensitive content, extending its censorship standards internationally. China enacted its first Civil Code, which received thousands of submissions by the public calling for legalization of same-sex marriage. Hong Kong’s National Security Law led to a clampdown on freedom of expression." Follow the link for further details.
Source: Amnesty Intl
(2021)
Treatment of Uyghurs
Amnesty International's 2021 report 'Like We Were Enemies in a War', outlines how Uyghurs, Kazakhs and other predominantly Muslim ethnic minorities in China's Xinjiang Uyghur Autonomous Region face systematic state-organized mass imprisonment, torture and persecution amounting to crimes against humanity. Muslim ethnic groups are being forced to abandon their religious traditions, cultural practices and local languages.
Source: Amnesty Intl
(2021)
Human rights abuse
According to Human Rights Watch: "China's one-party authoritarian state under the Chinese Communist Party systemically curbs fundamental rights. Under President Xi Jinping, in power since 2013, the government has deepened repression at home and sought to muzzle critics abroad. It has arbitrarily detained human rights defenders and lawyers, tightened control over civil society, media, and the internet, and deployed invasive mass surveillance technology. The government imposes particularly heavy-handed control in the ethnic minority regions of Xinjiang and Tibet. The government's cultural persecution and arbitrary detention of a million Uyghurs and other Turkic Muslims since 2017 constitute crimes against humanity. In Hong Kong, the government imposed draconian national security legislation in 2020 and systematically curbed the city's freedoms. The government initially covered up the Covid-19 outbreak and later hindered international efforts to investigate the virus's origin."
Source: Human Rights Watch
(2021)
Wikipedia profile
Follow the link to see Wikipedia's article on the government of the People's Republic of China.
Source: Wikipedia
(2021)
Company Details
Type:
Public company
Founded:
1958
Revenue:
99 billion USD
(2021)
Employees:
46,664
(2021)