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
Tag: zhong
Clarins sanguine on China’s vast beauty market
A consumer (center) seeks advice from a beauty consultant at a Clarins boutique in Guangzhou, Guangdong province, in May. [Photo/China Daily] For Alan Zhong, executive vice-president of Chinese markets at Clarins, during the Chinese-version Valentine’s Day gift season — two weeks around this year’s May 20 — the company’s growth was invigorated by Cupid’s arrow. … Continue reading Clarins sanguine on China’s vast beauty market
Water town thrives with help from State Grid Tongling Yian District Power Supply Company
Staff members from State Grid Tongling Yian District Power Supply Company help a farmer in watering the field. [Photo provided to chinadaily.com.cn] During this summer in Tongling city, Anhui province, the lush plants and fragrant scent of rice in the air herald the signs of a good harvest. Throughout this hotter season, Zhong Mingsheng, a … Continue reading Water town thrives with help from State Grid Tongling Yian District Power Supply Company