China

Markets

Walmart sparks public outcry in China over products from Xinjiang

Walmart Inc., the world’s largest retailer, became the latest Western company to face scrutiny over its handling of business involving Xinjiang, following the passage of a U.S. law that virtually bans all imports from the northwestern Chinese region over forced-labor and human-rights concerns.

Markets

Asian insurer FWD moves to shelve U.S. IPO

Hong Kong billionaire Richard Li’s FWD Group Holdings Ltd. has moved to withdraw its multibillion-dollar initial public offering in New York, the company said, amid rising tensions between China and the U.S.