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Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.....The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors.
In other words, they do not have enough to invest (through their population?). Where is the wealth in China?
Originally posted by jimmyx
if you do not pay the masses enough in wages to buy the products offered, you end up with a dysfunctional society. this, along with the corruption associated with this "plan", is the very reason china goes through the extreme "ups and downs' in it's economy.
Originally posted by hp1229
Your thoughts/comments/opinions/viewpoints please.
Dozens of Chinese companies issued shares on Wall Street over the past decade, raising billions of dollars from investors who wanted a stake in the country's booming economy.
Many were private companies that could not raise money on Chinese exchanges that were created to finance state industry or wanted the higher public profile.
Chinese regulators encouraged the move as a way for entrepreneurs to raise money and speed the development of China's economy. But in recent years Beijing has encouraged private companies to issue shares in China to help develop its markets and give Chinese households better investment options.