By Mark Minnella for Townhall Finance
Recently China has had its share of headlines in the financial news. Ample articles reveal labor abuses and people jumping out of windows after being overworked at technology companies like Foxconn. We read about the financial fraud of corporations like the Chinese chain Luckin Coffee that inflated the company’s end-of-year sales by about 2.2 billion yuan ($310 million) and state-controlled corporations like Huawei and dozens of others caught spying on other nations. Fake balance sheets are discovered in huge corporations; fraud, corruption and deceit fill the headlines, all illuminated for investors and the general public alike. Though nothing new, it seems like the corporate sins of China are being highlighted for the first time for many.
