CNN Money ran an article on the 16th titled China: Why U.S. investors should steer clear

Here is a quote from the article:

The U.S.-traded China stock landscape is a post-apocalyptic wasteland, littered with the charred remains of those who dared venture in with only half of the information they needed prior to hitting the “Buy” button.

You see, investors have found that no matter how much due diligence they’ve done using the corporate filings of China Inc., it hasn’t mattered. Because when a company’s filings contain make-believe or exaggerated data, your analytical prowess is for naught.