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China introduces new rule to tighten scrutiny on foreign accounting firms' domestic operations

China introduces new rule to tighten scrutiny on foreign accounting firms' domestic operations

FILE PHOTO: A dog crosses a road at a financial district with buildings under construction, in Beijing, China January 11, 2023. REUTERS/Tingshu Wang/File Photo

China issued rules on Thursday to tighten scrutiny of foreign accounting firms’ domestic operations as Beijing seeks to rein in accounting failures and fraud.

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