Summary:

- The article discusses the recent sharp rise in Chinese stocks, which has led to significant losses for short-sellers who were betting against the market.
- It describes the "biggest one-day face-ripper since Lehman" in the Chinese stock market, with the CSI 300 index surging over 5% in a single day, causing major pain for short-sellers.
- The article suggests that this rapid market reversal has led to margin calls and forced short-sellers to cover their positions, further fueling the market's upward momentum.