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Thread: SINOPEC suffters huge losses from soaring oil prices!
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[quote=JIMMYB,276114]"I'm not going to ask direct questions about SINOPEC or CNPC in regards to accounting procedures but do the foreign corporations coming into China have more strict accounting rules to follow than Chinese owned companies?" Gary, I read some reports that said China has improved it rules on foreign investment. It shows that China has changed its policy to bring in foreign investment selectively not blindly. What's more, the news reported that some foreign companies in China have caused serious environmental problems. This forces China to rethink about its policy.[/quote]
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