They published a piece of news on various news networks, including Bloomberg, "China Urges State Firms to Drop Big Four Auditors on Data Risk". What state owned enterprise data has become or will become so crucial? Give me enough rope on this subject matter, but according to my understanding there are direct evergreen credit lines from those SOC's to both the PoBC and the shadow banking sector. Apocalyptic PoBC (April) draining ahead?
Regarding geopolitical tensions. Are there any valid reasons why not heating up? Ever worse scarcity of food and energy e.g. in the UK. According to my knowledge Brexit is not the dominating factor for their rationing. BR JKi
They published a piece of news on various news networks, including Bloomberg, "China Urges State Firms to Drop Big Four Auditors on Data Risk". What state owned enterprise data has become or will become so crucial? Give me enough rope on this subject matter, but according to my understanding there are direct evergreen credit lines from those SOC's to both the PoBC and the shadow banking sector. Apocalyptic PoBC (April) draining ahead?
Regarding geopolitical tensions. Are there any valid reasons why not heating up? Ever worse scarcity of food and energy e.g. in the UK. According to my knowledge Brexit is not the dominating factor for their rationing. BR JKi