Somewhat recently a head of Microsoft was asked about forgoing access to the Chinese market if it meant protecting American interests in the face of new threats. He unequivocally said, yes. He was willing to forgo their market. I'm not sure Apple and others who either sell product there or have large manufacturing there are as willing to forgo the 'promise market', but it looks more and more we will have to. More or…
The us let’s Chinese firms generally speaking full access to the us market. The CCP doesn’t allow the us companies the same. Why our government let that happen. Letting so much business leave to the CCP will be one of the greatest failings of the us government.
https://en.wikipedia.org/wiki/Holding_Foreign_Companies_Acco...
https://en.wikipedia.org/wiki/EQUITABLE_Act
https://news.cgtn.com/news/2020-12-03/China-slams-new-audit-...
https://journals.library.columbia.edu/index.php/CBLR/announc...
In 2015, the SEC reached a settlement with the Chinese branches of the Big Four accounting firms on non-compliance with the PCAOB’s regulation, and the administrative proceeding against these firms was dismissed for four years.[15] Now, four years have passed, and the conflict of regulation remains unresolved.