3 ms·
There are places where a "corrupt political and financial system" intersect with China. I was kind of startled to find out that Chinese companies listed in the
by perl4ever 6y ago
There are places where a "corrupt political and financial system" intersect with China.
I was kind of startled to find out that Chinese companies listed in the US are not held to the same standards as those from the US and other countries,[1] because the Chinese government will not allow auditing in the same way. It seems this is a genuine issue and not about xenophobia, even if it gets muddled with it by people who just don't like China. And it is corruption.
Threatening to move listings out of the US, while of course it is an option, does not seem (or should not be) relevant to the US changing policies which have been corrupted due to Chinese demands based on "national security". It's about the US fixing its problems, not China per se.
It's easy for a casual observer to see the Trump administration saying something and dismiss it, especially as their credibility is so low many news articles are automatically slanted. However, the SEC and PCAOB have some credibility to me.
[1]https://www.reuters.com/article/us-usa-congress-china-exchanges/u-s-must-have-access-to-u-s-listed-chinese-firms-audit-documents-lawmakers-say-idUSKCN1T7060 https://www.reuters.com/article/us-usa-congress-china-exchan...
- redis_mlc 6y ago> It's easy for a casual observer to see the Trump administration saying something and dismiss it, especially as their credibility is so low Sure, if you don't know any better. But when you look at the actual facts, Trump often has a more rational and successful approach than his opponents: - stopping travel from China on Jan. 31 due to corona - stopping the absurd postal discount - tariffs on Chinese imports to counter Chinese dumping - stopping Huawei from undermining the world's communications networks Trump doesn't seem so crazy now, does he? Regarding corona, we have an agency that was supposed to be on top of that - the CDC. About all I hear from them is a press interview every 2 months. I hope the next one includes a firing squad for the top 10 CDC officials.