Those companies that list in US exchanges have to follow US accounting rules, and therefore they are as much a crock as the US accountant. The bad one is Cramer who pumped the stock without doing homework. Now, do you have something against USA?
Answer is no. You guys just got a turd. SORL, LTON, KUTV, KONG have all bounced back and are free from fraud that we know of. China stocks still offer the best gains. It looks like many are running. I have a list of 20 I play. Hope you folks have money left to play them and make up your losses. Look at NPD! It may run to $4 easy.
Nah..It's something of a mix at this point with some powerful private interests, plenty of smaller private companies, lots of corruption and underlayed by substantial remaining quasi-communist institutions. It's in flux and complex.