I don’t think VIE is a real problem. You can look at PPD stock it is up 50 % in the last year. You can look at BYD 4 x in 5 years then you have CNOOC up 60 % in last year with 9 percent yield.
They are undergoing 2008-type shocks due to real estate collapse and also XI erratic purge plus possible war on Taiwan. As stock markets in china are heavily depend upon FIIs market is in total collapse but as described above stock specific things have done well
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