![](https://i.imgur.com/CLvY2jA.png")
29-07-2022, 05:13 AM
The simple reason is there has been no deals between US and China of any kind since XJP took power in China.
Just like the trade deal negotiated a few yrs ago. U S had deals with every other country it negotiated with because it eventually compromise and only had minor changes orlf existing arrangement. China negotiators agreed with US negituators but the deal was rejected by XJP leading to trial of destruction of tariffs and trade war. A lose lose situation that was unnecessary.
Similarly, the audit issue has been settled with all other countries have stalled over "sensitive data" issue with China . But it is paranoid thinking because China insist on Didi delisting while Grab from Singapore listed on Nasdaq and audited is a similar company with same type of data. The Singapore govt is considered extremely careful about data yet has no issue with Grab's US listing. Didi US listing blew up into damaging situation that resulted in layoffs of many of it's drivers but the Chinese govt does not care.
Investors should assume negotiations will fail and there will be fallout.
Personally, I don't think China leadership is able to strike any deal. It will be stalled by all sorts of trivial issues blown up by the regimes own paranoid thinking that US is out to steal it's data. US probably has plenty of other avenues to get data. Audit data does not contain anything sensitive and people doing audit are not security cleared. Yet this negotiation can drag on for 1year already.
https://fortune.com/2022/07/27/sec-gensl...companies/
Just like the trade deal negotiated a few yrs ago. U S had deals with every other country it negotiated with because it eventually compromise and only had minor changes orlf existing arrangement. China negotiators agreed with US negituators but the deal was rejected by XJP leading to trial of destruction of tariffs and trade war. A lose lose situation that was unnecessary.
Similarly, the audit issue has been settled with all other countries have stalled over "sensitive data" issue with China . But it is paranoid thinking because China insist on Didi delisting while Grab from Singapore listed on Nasdaq and audited is a similar company with same type of data. The Singapore govt is considered extremely careful about data yet has no issue with Grab's US listing. Didi US listing blew up into damaging situation that resulted in layoffs of many of it's drivers but the Chinese govt does not care.
Investors should assume negotiations will fail and there will be fallout.
Personally, I don't think China leadership is able to strike any deal. It will be stalled by all sorts of trivial issues blown up by the regimes own paranoid thinking that US is out to steal it's data. US probably has plenty of other avenues to get data. Audit data does not contain anything sensitive and people doing audit are not security cleared. Yet this negotiation can drag on for 1year already.
https://fortune.com/2022/07/27/sec-gensl...companies/
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
