NEW YORK ( Stockpickr) -- Sometime over the course of 2011, a collective light bulb went off among investors: "Why on earth would you invest in Chinese stocks?"After all, many of these stocks sneaked into the public market space by merging into an existing shell company, avoiding the scrutiny that comes from an initial public offering process. And it became apparent that the auditors that were verifying these company's financial statements were really just giving the equivalent of a priest's blessing, waving a hand over the books and nodding their approval.
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