tirsdag 16. juli 2019

A year into trade war, Wall Street is the latest front for US suspicions about China

Even as China’s economy expands, US investors’ cry for vigilance concerning Chinese firms has grown louder – with Wall Street the latest front seeing US disengagement from China. Since the start of the trade war a year ago, Washington and Beijing’s battle over tariffs has already spurred the two countries to decouple on trade, technology and cultural and research exchanges. These cries go beyond contract disputes to longstanding suspicions about vague, sometimes unreliable, financial reporting by these companies, and their across-the-board resistance to financial oversight.