Misreporting becomes a bona fide issue only when the different set of numbers filed in China was filed before an agency whose mandate warrants a requirement that numbers be accurate (such as the State Administration of Taxation) and that the differences be unexplainable by differing U.S. and Chinese accounting rules.
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Art transactions are becoming better regulated and managed as houses compete for customers and the Chinese government improves rules.
Under the rules, Chinese companies are also not allowed to export solar panels below cost.
The U.S. has major reserves of the vital minerals, but a combination of tough environmental rules and lowball Chinese pricing drove the main domestic producer out of business.
Promisingly, the Chinese bank regulator announced draft rules in May to allow domestic and foreign institutions to set up consumer-finance firms to offer personal loans for consumer-goods purchases.
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Exchange rules may permit the Chinese authorities to attend the board meetings of listed companies, something that might not bother the NYSE, which does not face competition from Chinese exchanges in its home markets of Europe or America, but would probably horrify a global bank.
And cosseted Chinese companies will have to play by international rules the moment they venture abroad.
The 2006 rules reiterate that all acquisitions of Chinese companies require approval from the Ministry of Commerce.
To win a following among Chinese buyers, brands have to follow three rules.
Comparative wine production statistics for China are a bit problematic because much of the wine produced is not pure grape wine but may be mixed-fruit wine, and the rules on what can be labeled Chinese wine are quite, er, flexible.
In recent weeks, the Beijing government has promised to end its ban on American beef, to try harder to respect intellectual-property rights, to abide by international rules for government procurement and to allow Chinese firms and citizens to buy more dollars and invest them abroad.
Now, investors are crying foul, the SEC is launching investigations and Chinese companies are in trouble for failing to comply with reporting rules of the exchange on which they are listed.
Under the rules of the fund, institutional and individual investors raising capital in the Chinese currency, the yuan, from offshore markets like Hong Kong will be able to make direct investments in China.
GE, a competitor, is saying that the city has pre-existing competitive bidding rules in place that restrict it from making such a deal as they are envisioning with the Chinese company.
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