Chinese state media lauds US-China audit deal as 'symbolic' for ties

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SHANGHAI - Chinese state media outlet the Global Times on Saturday (Aug 27) praised an agreement reached between Beijing and Washington over the auditing of US-listed Chinese companies as a 'symbolic case' and a 'useful lesson' for both nations. The op-ed article came a day after the two countries took a major step towards ending a dispute that threatened to...

American flags hang from the facade of the New York Stock Exchange building after the start of Thursday's trading session in Manhattan in New York City, New York, US, on Jan 28, 2021.SHANGHAI - Chinese state media outlet the Global Times on Saturday praised an agreement reached between Beijing and Washington over the auditing of US-listed Chinese companies as a "symbolic case" and a "useful lesson" for both nations.

In the op-ed, published with no named author, Global Times wrote that the deal shows that while it is normal for the two countries to have disagreements, they "should not be an excuse for the two countries to move toward full-scale confrontation".

 

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