Not everyone can be honest like you, Bob. Maybe you have some Al Capone DNA. Was he Chinese Bob? How about Bernie Madoff? So, what exactly is your narrow minded point, from you microscoptic little non-functioning brain? Please give me your one liner explaination. Other than cut and paste, and googling, I guess that is all we can expect?
Only a low life would publish such a posting. This story has nothing to do with VALV. It is like posting the story of Son of Sam or Charles Manson and saying murder is in the DNA of all Americans. Such posting bring into question your own credibility. For every fraudulent Chinese company you can find ten US companies which were frauds. you can start with this one: http://www.truecrimereport.com/2010/07/top_5_white_collar_crimes_gold.php and move on down the line to Enron and a host of others.
VALV makes a real product -- ceramic valves -- which have a good reputation for durability. At the end of March 2011 they had $1.34 in cash and a book value of 2.57. Least you think that isn't much, keep in mind that the book value of Exxon is 32 (current stock price is 70).