Take a long-term view of the short-attack on China
Shorts feel the urgency of covering their positions, before Chinese market have a gigantic bull run in the coming 5 years. I don't think those bears, e.g. Jim Chanos, really think China will crash. The capitalism in China was a major success and will continue to be in the foreseeable future. All the hit pieces out of SeekingAlpha, Baron's, Forbes, NYT, and Bloomberg, serve the same purpose. The bears want to shares cheap.
Think otherwise, if the Chinese companies are truly scams, the shorts would rather somebody pump them more. After all, the stock price of those scams will eventually go to ZERO's.
That said, the market can be inefficient (Warren Buffett), as investors' confidence have been damaged/destroyed by this collusion of coordinated attacks. Buyers are not getting in, and share-holders are taking the exit.