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Evergrande: China’s “Lehman” moment?” By Bo Zhang.
Evergrande: China’s “Lehman” moment?” By Bo Zhang.
Evergrande: China’s “Lehman” moment? Distraught investors. Unfinished apartment units. Looming bond defaults. Evergrande, China’s second-largest property developer is in dire straits. Could its imminent collapse trigger wider, systemic tremors across China’s financial system? How did the developer trundle on for years under massive debt loads, only to collapse this year? And what do the regulatory […]