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The folly of China s real-estate boom was easy to see, but no one wanted to stop it

Developers, home buyers and Western bankers all ignored warning signs, but not two accountants who went looking for “financial anomalies” and “shenanigans.”

China Evergrande rejects claims it was never profitable in report centred on changes to its accounting method

China Evergrande stood by its audited accounts after changes to its revenue recognition methodology from 2021 prompted analysts at GMT Research to say the firm was ‘never profitable’.

Stunning replicas of London, New York and Paris have sprung up in China - but no one lives in them

IAN WILLIAMS: On the outskirts of nearby Hangzhou, farmers were evicted to make way for a Chinese version of Paris. Elsewhere, China has built copies of Amsterdam, Venice and Madrid.

Sold short: USyd takes cash for comment

Sold short: USyd takes cash for comment Apr 9, 2021 – 12.00am Save Share How much does it cost to launder your spin through the name of Australia’s most prestigious business school? The answer: far less than you might think. For a paltry $7272.27 all-inclusive, the University of Sydney Business School will even chuck in a series of non-disclosure agreements. What a steal! The front page of The Sydney Morning Herald.  In December, The Age and The Sydney Morning Herald ran front exposes of the world of “short and distort attacks”, whereby foreign analysts produce malicious allegations of companies committing accounting fraud, in cahoots with fund managers who profit off the ensuing fall in the share prices of the targets. In recent years the practice has “cost investors billions”.

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