It is clear that investors are petrified of these Chinese stocks. No one believes the numbers. That is why I am buying now. This may go the way of CSR and go private in the near future. These unloved China stocks are the best opportunity currently to make serious money. Also own CSR, and ONP. JMHO
China trade deficit has taken down a lot of Chinese stocks today plus the overall market drop caused by...oil, Moodys, job report, etc., etc.. It's a temporary phenomenon though and the chart here is screaming oversold with RSI at 24 and change.
You have more nerve than common sense! I would not put another dime in this until there is a explanation for the inordinate amount of high volume unexplained selling! This should not have taken this kind of a beating solely on what was reported! There must be more to it than is transparent as it seems there is a wholesale flight out of this equity.