China, Evergrande property company default, 300 Billion in Debt.
-----
Many are calling this "China's Lehman Brothers moment" but given the size of the Chinese economy, it seems unlikely to be a similar "systemic threat" which the collapse of Lehman represented.
Sure there'll be some fallout, but will it be "systemic" in nature?
------
Monday blues! Hang Seng Index drops 3% as #China worries related to #Evergrande, the second-biggest property developer in China with about USD 300 billion in #debt, spike.
https://mobile.twitter.com/jsblokland/status/1439836113863053314
-----
Many are calling this "China's Lehman Brothers moment" but given the size of the Chinese economy, it seems unlikely to be a similar "systemic threat" which the collapse of Lehman represented.
Sure there'll be some fallout, but will it be "systemic" in nature?
------
Monday blues! Hang Seng Index drops 3% as #China worries related to #Evergrande, the second-biggest property developer in China with about USD 300 billion in #debt, spike.
https://mobile.twitter.com/jsblokland/status/1439836113863053314