U.S. Orders China to Close Houston Consulate

Gordon B. Johnson

HONG KONG—The U.S. requested the abrupt closure of China’s consulate in Houston, a dramatic escalation in bilateral tensions that Beijing condemned as outrageous and unparalleled.

Washington’s need, issued Tuesday, marked “a political provocation unilaterally introduced by the U.S.,” Chinese International Ministry spokesman Wang Wenbin stated Wednesday at a routine briefing in Beijing. “China urges the U.S. to immediately rescind its erroneous conclusion, if not China will undertake genuine and necessary responses.”

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Xi Installs Close Ally to Tighten Control Over Hong Kong

Gordon B. Johnson

HONG KONG—Chinese President Xi Jinping set up a former lieutenant and onetime law enforcer to head Beijing’s Hong Kong coverage-producing agency, continuing a shake-up intended to tighten management over the protest-racked city.

The appointment of Xia Baolong as director of the Hong Kong and Macau Affairs Place of work, introduced Thursday by point out media, places the former British colony below the supervision of a gentleman who once as a provincial chief upheld Communist Get together authority with a campaign to tear down Christian church buildings and crosses.

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Key Steps to the Lease Accounting Close

Gordon B. Johnson

To comply with the new lease accounting standards, companies have had to put into practice new business enterprise procedures, new organizational constructions, and new information techniques. Most companies have muscled by means of the initially year of adoption applying a mix of brute pressure and large-priced consultants. On the other hand, these methods will not scale in excess of the lengthy phrase.

The complex accounting variations promulgated under the new standards are just a single element. Accountants will have to make major judgments to conform with the new lease accounting policies. Those judgments must be frequently re-evaluated and current as

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