Beijing and Washington took a major step towards ending a dispute that threatened to boot Chinese companies, including Alibaba, from US stock exchanges, signing a pact to allow US regulators to vet accounting firms in China and Hong Kong. US regulators have for more than a decade demanded access to audit papers of US-listed Chinese companies, but Beijing has been reluctant to let overseas regulators inspect its accounting firms, citing national security concerns.Baidu reveals its first quantum computer called Qianshi The deal marks a partial thaw in US-China relations amid tensions over Taiwan and will come as a relief for hundreds of Chinese companies, investors and US exchanges, giving China the chance to retain access to the world's deepest capital markets if it works in practice.

https://www.gadgetsnow.com/tech-news/us-and-china-reach-landmark-audit-deal-in-boon-for-chinese-tech-companies/articleshow/93847475.cms

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