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vast majority of Chinese firms trading on the Chinese stock exchange offer no transparency, and with the recent scandals involving phantom companies valued at b
by curiousjorge 11y ago
vast majority of Chinese firms trading on the Chinese stock exchange offer no transparency, and with the recent scandals involving phantom companies valued at billions and "anti-corruption" moves is causing sell offs and capital flight.
But this is hardly the concerning part, what is apparent is a loss of market trust in the system from the public and abroad. If China is to become a superpower, it cannot play by it's own rules.
- dear 11y ago"China is to become a superpower, it cannot play by it's own rules." A superpower by definition is it plays by its own rule.
- curiousjorge 11y agoThere is only one superpower at the moment and likely for quite some time. A few can claim it's status but cannot enforce or confront the one superpower directly.
- socceroos 11y agoYes, and no. Yes in that a superpower does bend the rules to suit themselves. No in that a superpower is suddenly held to a higher standard than the rest of the world. You'd need to resort to expansionism if you wanted to continue the way that China is right now.