When US President Donald Trump lost last year the presidential elections from his contestant Joe Biden, some people expected the trade war between China and the US would end. At the China Speakers Bureau, we had set up a category of expert speakers on the trade war. For a short moment, we contemplated retiring that section but decided to wait and see how Joe Biden would behave.Read More →
After the Senate also the House of Representatives approved this week the bill to ban Chinese companies at US stock markets, the Holding Foreign Companies Accountable Act (The Kennedy Bill) if they do not allow inspections by the American PCAOB. But accountant expert Paul Gillis does not expect will materialize, he writes at his Chinaaccountingblog.Read More →
US legislators might support a bill to force Chinese firms listed in the US to let the US stock regulators, the PCAOB, check their files. But those checks will not prevent frauds like those by Luckin as some US senators claim, warns audit expert Paul Gillis on his weblog Chinaaccountingblog. Some predictions on what will happen after the bill has been adopted.Read More →
Chinese listings at US stock markets got recently under fire. Former US assistant trade representative Harry Broadman looks with some amazement at this market at the International Finance Law Review (IFLR). “After decades of working in China intensively on financial accounting, there is not a single state-owned enterprise I’ve worked on that I can think of that abided by international accounting standards,” Broadman says.Read More →
US legislators are preparing a law to allow US PCAOB inspectors to check US-listed Chinese firms. But – warns auditing expert Beida professor Paul Gillis – the so-called Kennedy law might have unintended consequences for all multinational companies, he writes on this Chinaaccountblog.Read More →
International trade veteran Harry Broadman discusses how the world’s boardrooms have to shape up to deal with the fallout of the trade war and global tumult hitting companies and countries.Read More →
If some US politicians hope the trade war between China and the US might undermine Xi Jinping’s domestic power base, they are on the wrong track, says political analyst Victor Shih at US-China Economic and Security Review Commission hearings at the US Congress, according to the South China Morning Post.Read More →
The official trade war between the US and China seems to be entering its end game. But that does not mean the hostilities will end. Making sense out of what the world’s first and second-largest economies will do will only be slightly easier. A few speakers at our office might be able to help you out.Read More →
Making sense out of US president Donald Trump’s economic policies has become impossible, even for the most seasoned observers, like Harry Broadman. For Forbes he tries to make sense out of the damage Trump has caused up to now, and the decades it will cost to repair that damage.Read More →
Pressure is up on US president Trump to act against China in trade issues. Trump has been avoiding harsh action up to now, and political analyst Victor Shih warns that with a major political conference ahead, moderation will not be high on the country’s agenda, he tells Bloomberg.Read More →
Oversight of Chinese companies listed in the US has been ongoing troublesome, as auditors miss access to much information considered a state-secret in China. Peking University accounting professor Paul Gillis told the U.S.-China Security and Economic Commission 26 January how to solve the conundrumRead More →
China´s military have been building out amphibious capability for their Taiwan invasion scenario, writes defense analyst Wendell Minnick in Defense News, quoting an annual report by the Pentagon for the US Congress.Read More →