The New York offices of PricewaterhouseCoopers. [Photo/Sipa] Chinese authorities have slapped 441 million yuan ($62.1 million) in penalties and imposed a six-month business suspension on PwC’s auditing unit in the country, after the entity was found to have “covered up and even condoned” fraud at Evergrande Real Estate Group. The China Securities Regulatory Commission said … Continue reading PwC unit fined in Evergrande accounting fraud
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Changchun auto expo showcases 1,100 models
A Hongqi Guoyao SUV is displayed during the Changchun International Auto Expo in Jilin province on Saturday. [TIAN JIAXIN/FOR CHINA DAILY] The 21st Changchun International Auto Expo kicked off on Saturday in Changchun, Jilin province, attracting around 1,100 vehicle models, including over 300 new energy varieties, from 124 domestic and foreign automakers. During the 10-day … Continue reading Changchun auto expo showcases 1,100 models