Just sounds like he is preparing the company for a global recession.
Miscellaneous News
- Thread starter bd popeye
- Start date
Just sounds like he is preparing the company for a global recession.
Yup, I write to him a lot about global peak energy and the far reaching implications of diminishing EROEI, urging him to tell Xi to start the rug pull decoupling... in this last man standing Squid game negative sum game
Not very happy about this deal granting the Americans access to audit papers and a ton of valueable information. Thoughts, lads?
Non paywall:
Non paywall:
China and U.S. sign audit oversight agreement after long negotiations
Deal is only the first step and doesn't eliminate New York delisting riskYeah well, relying on the high tech supply chains of hostile states has totally destroyed the smartphone division of Huawei.
I made an observation a couple days ago on the statements from both sides. It doesn’t seem like it’s all that much of a big deal since it’s only permits them to investigate the company who does the audit and not the listed company itself. Also Chinese authorities are involved in the whole process. Plus the agreement is equally binding to both parties. So the US isn’t going to add anything to snub at China because it will just snubs them back.
Global Economy being screwed has more to do with interest rates than the EROEI you keep talking about.
Global economy will likely be damaged for at least a decade. Well this gives an opportunity for BRICs to develop their own alternative currency.
This was the statement of PCAOB. This audit agreement reads like a nightmare in my eyes.
It’s not a nightmare. They are specifically choosing and twisting their own words to suit their own narrative. Compare it with the CRSA statement and then you will notice they don’t contradict each other. Keep in mind this is also equally binding. The US doesn’t have the ability to go Willy Nilly because that means China can do it to them as well.
PCAOB says there will be no interfere from the Chinese authorities... Except that’s not entirely true. PCAOB only said they can’t interfere in their ability to select who they want to investigate. The CRSA will be involved in the entire process.
PCAOB says they can view complete audit works papers… but doesn’t say that the Chinese authorities will be the ones giving them the audit papers and not the firm doing the audit or neither the listed company itself. Their ability to investigate is also only limited to the auditing firm. They cannot request information from the actual company that is listed.
PCAOB says they have direct access to interview and conduct inquiries with any of the people from the auditing firm… but fails to mention that the Chinese authorities will also be participating and can provide assistance.
PikeCowboy
Junior Member
The equally binding part is kind of fake isn't it. I don't know any major US companies listed in SH/SZ, does this even apply to HK?
Well that is a general problem with advance semiconductors. Huawei core buisness is telco equipment which somehow extended to smartphones in the 2015s+. Probably the area one could be critical about was maybe how they played out the brinkmanship with the US in regards to 5g basestation which supposedly led to the ban. But for all we know, it would not have matter with the US inventing any reasons it wanted to destroy advance Chinese companies.