Evergrande - China Faces a Potential Lehman Moment
Sep 18, 2021•9 min
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Episode description
Send us a textThe implosion of Lehman Brothers, 13 years ago this week, showed the world how the collapse of a single company can send shockwaves around the world. Echoes from that event are resounding today as a massive Chinese property developer teeters on the brink of default.The collapse of Evergrande Real Estate Group - China's second-largest property developer with $310 billion of debt outstanding, could set off a chain reaction that spreads overseas.Wall Street is keeping a...
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