Is Evergrande The New Lehman Brothers’ Catastrophe?

Source: Internet

In a story by ZeroHedge on September 19th, 2021, it talks about the possible knock on effects if Evergrande were to go bankrupt. Evergrande is the second largest property development company in China and employs many thousands of workers. Many people believe that Evergrande is too large and politically important to fail, just Like the Lehman Brothers Bank back in 2008, but it still filed for bankruptcy due to financial incompetence. Many very ordinary Chinese people who have invested in Evergrande may lose all of their money, if the Chinese Communist Party does not bail out this over-stretched and troubled real estate company. Communist leader President Xi Jinping faces a serious test of his financial reforms as the property giant struggles to balance its books.

For a more in-depth look into this story, please click here: Former Lehman Trader On “China’s Lehman Moment”

Editor: Mr Cow / PR: Marialu


Edited by:【Himalaya London Club UK】

0 Comments
Inline Feedbacks
View all comments

英國倫敦喜莊園 Himalaya London Club UK

欢迎战友加入【英国伦敦喜庄园Himalaya London Club UK】 👉GTV频道: https://gtv.org/web/#/UserInfo/5ee680a45bd6f123dd104807; 👉Telegram文宣电台:https://t.me/HimalayaUK; Sep. 20