Category Archives: finance

US accounting regulators join trade war – Paul Gillis

Two financial regulators in the US, the SEC and the PCAOB, have joined the trade war of their country and combined it with their struggle for better accounting practices in China, writes Beida accounting professor Paul Gillis at his weblog. While the complaints are not new or surprising, he wonders about the timing, Gillis adds.

What makes Chinese accounting different from Western standards? – Paul Gillis

Accountants have to figure out what is happening in a company, and the difference between Western and Chinese practices makes that often hard, says Paul Gillis, accounting professor at Peking University, and author of the leading website ChinaAccountingBlog to Young China Watchers.

China owns Asia since the US left it – Jim Rogers

China owns Asia, after the US under Donald Trump decided to leave the continent, argues super-investor Jim Rogers, author of Street Smarts: Adventures on the Road and in the Markets, at AMTV. The US moved out, and now you see the Chinese everywhere, in Russia, in Iran, just because they have no competition anymore. “You should invest in markets others hate,” he says.

No fast end to the trade war – Arthur Kroeber

The upcoming Trump-Xi meeting in Argentina generates some hope, but economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know®, does not expect a fast end to the…

Dropping growth of ultra rich families in China – Rupert Hoogewerf

The number of wealthy families on Greater China has grown in 2017, but growth is dropping and might even be lower in 2018 caused by the trade war and declining economic growth, says Rupert Hoogewerf, chairman of the Hurun China Rich List according to Barrons in a new report released this week.

Devaluation yuan pondered amid trade war exchanges – Victor Shih

China’s financial institutions ponder on the pros and cons of a currency devaluation as the effects of the trade war with the US start to kick in. While devaluation is on the agenda, it would be a tricky road, says financial analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation, at CapitalWatch.

Rupert Hoogewerf professor of practice at Durham University Business School

Rupert Hoogewerf, the publisher of the Hurun China rich list and leading voice on China’s wealthy, has been appointed at the Durham University Business School as a professor of practice, reports the BDaily.

Dropping China stocks are bad news – Sara Hsu

Investors in Chinese equity know from the past they have put their money on a roller-coaster. But the recent drop is very rough, and – says financial analyst Sara Hsu to the ChinaUSFocus, the drop is worse because much stock has been used as collateral for loans.

Mr. Trump cannot outsmart history – Jim Rogers

In the trade war between China and the US, president Trump tries to outsmart history, says investor Jim Rogers, author of A Gift to My Children: A Father’s Lessons for…

Renminbi: not yet close to US dollar as world currency – Wang Haiyan

China’s Renminbi is not coming close to the US dollar as the world’s reserve currency, says business analyst Wang Haiyan to Money Talks. Even though more trade is done in the Chinese currency, the US dollar is still dominant. China cannot expect export to save its economy but relies on domestic consumption. But that transition is not going overnight, Wang adds.