10:10AM
China's Self-Synchronization of Rule Sets on Finance
Monday, April 26, 2004 at 10:10AM
(1) "China's Listings Lose Steam: Several Big Stock Sales Are Put Off Amid Accounting Questions," by Joel Baglole, Wall Street Journal, 26 April. p. A13.
Great story on how international investors are beginning to raise more questions about accounting practices in China. Yet another sign that as China opens up to the world to get funding for all that development, it will be forced to import the Core's rule sets more and more. Remember: no rules, no money; no money, no infrastructure, etc.
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