I hate Chinese real estate. Propped up by the government, riddled with bad loans, and inflated value. They will eventually cause the Great Recession 2.0.
That said, I like Xinyuan's focus on second-tier Chinese cities. That's where there will be explosive growth in the future. I don't see it moving much in the near-term, but could be a good long-term hold, assuming it's not like every other book cooking Chinese POS.
It is crazy undervalued right now with a book of $12.10 per share. I think investors are terrified of Chinese companies, but once they get some shine and investors think they're legit with good long-term prospects, sky is the limit.
Look at CXDC. Traded at half its book value for almost 3 years. Some good news and in the past few months it tripled in value.
Of course, there isn't a shortage of Chinese stocks that follow the same trajectory and shortly thereafter, follow the CNET path.
that serious
. Also, I'm outta Houston, but from Dallas 
Yessir. No position at the moment tho. You?