Boiling point

摘要

FOR 18 YEARS American regulators have implored Beijing to let them inspect the China-based auditors of Chinese companies listed on America's stock exchanges. Dream on, China's Communist regime responded, citing sovereignty and national security. On December 2nd Congress had had enough. The House of Representatives passed a bill that would boot offending firms off American bourses if their auditors fail to comply with regulators' information requests for three years running. Since it had earlier sailed through the Senate by 100 votes to nil, it can expect a presidential signature.