Chinese Risk Confinement
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Accounting risk clouds big US business bets in China
Tales of shady business practices abound in China - fake revenues, phony invoices, sham factories - but until recently, the problem seemed confined mostly to Chinese companies. But not for long.
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Outspoken Chinese risk confinement in mental wards
Xu Lindong, a poor village farmer with close-cropped hair and a fourth-grade education, knew nothing but decades of backbreaking labor. Even at age 50, the rope of muscles on his arms bespoke a lifetime of hard plowing and harvesting in the fields of his native Henan Province. But after four years locked up in Zhumadian Psychiatric Hospital, he was...
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Accounting risk clouds big US business bets in China
Tales of shady business practices abound in China - fake revenues, phony invoices, sham factories - but until recently, the problem seemed confined mostly to Chinese companies. But not for long.
-
Outspoken Chinese risk confinement in mental wards
Xu Lindong, a poor village farmer with close-cropped hair and a fourth-grade education, knew nothing but decades of backbreaking labor. Even at age 50, the rope of muscles on his arms bespoke a lifetime of hard plowing and harvesting in the fields of his native Henan Province. But after four years locked up in Zhumadian Psychiatric Hospital, he was...
