american flags hang from the facade of the new york stock exchange nyse building after the start of thursdays trading session in manhattan in new york city new york us january 28 2021 reutersmike segarfile photo shanghai aug 27 reuters  chinese state media outlet the global times on saturday praised an agreement reached between beijing and washington over the auditing of uslisted chinese companies as a symbolic case and a useful lesson for both nations the oped article came a day after the two countries 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 american regulators to vet accounting firms in china and hong kong read more in the oped published with no named author global times wrote that the deal shows that while it is normal for the two countries to have disagreements they should not be an excuse for the two countries to move toward fullscale confrontation the article went on to note how both sides made adjustments during consultations with the chinese side respecting overseas regulators efforts to ensure the quality of the financial information of companies that list while the united states needs to strengthen corporate supervision china must maintain national security the global times added it is commendable that the concerns of both sides have been understood and respected by each other and their needs have been met through wise arrangements the agreement marks a milestone in a yearslong dispute between the two governments over how much oversight us regulators have into the finances of chinese enterprises that intend to go public in america reporting by josh horwitz and xu jing editing by pravin char