Stay the fuck away from Chinese stocks. Or even any EM stocks where you aren't 100% sure that the company and management isn't fraud. I have been privately warning about Chinese stocks for a while now and stand vindicated over the last few days.
I can highly recommend everyone to watch the movie "The China Hustle". Almost all Chinese ADRs have an extremely opaque corporate structure, with Cayman Island shell companies holding contracts to Chinese companies and investors holding equity in these companies.
Even the larger Chinese companies aren't immune. You don't have to look beyond how minority shareholders got short-changed in the Alibaba Ant Financial saga. I have reason to believe they could be overstating their sales figures too.