The Chinese are worried about American acounting practices? I’d be a lot more worried about Chinese accountnig practices.
Bingo!
That seems to be it. US regulations require certain accounting standards to be met if you are going to be selling your stock on a public exchange here. The Chinese seem to fear that they can’t (or possibly that an Obama administration might scapegoat them in a borderline situation). And so they’re buying their own stock back.
You said it...The ChiCom’s are NOT playing on the level.
When I think China, I think Muddy Waters.