Get unlimited access to our best features
Subscribe now

Here’s why the Evergrande crisis is not China’s ‘Lehman moment’

Summary by Ground News
Uday Kotak, chairman of Kotak Mahindra Bank said that Evergrande seems like China’s Lehman moment. He further said that it reminds him of Infrastructure Leasing and Financial Services Ltd (IL&FS) crisis in India. In September 2018, IL&FS had defaulted on its debt obligations, triggering a liquidity crisis.
11 months ago·Beijing, China

News Articles

More Filters
Times of India

How Evergrande could turn into China’s Lehman Brothers

At the end of June, Evergrande had nearly 2 trillion Yuan (USD309 billion) of debt on its books. It is on the verge of debt restructuring or even bankruptcy, many institutions believe. A bankruptcy would amount to a financial tsunami, or as some analysts put it, “Chinas Lehman Brothers”. The American investment banks 2008 collapse triggered a global financial crisis.

11 months ago·Mumbai, India
Read Full Article

China's Evergrande is probably 'too big to fail': Market strategist

The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday. The Dow Jones Industrial Average (^DJI) sank 614 points, while the S&P 500 (^GSPC) fell 75 points and the Nasdaq Composite (^IXIC) plunged 330 points. It was the market’s worst one day slide in months and shattered an extended stretch of calm for stocks. The S&P 500 hadn’t fallen more than 1% since mid-August. Investors were rattled by news…

11 months ago·Los Angeles, United States
Read Full Article
News18 India

EXPLAINED: The Evergrande Crisis And What It Means For Markets

Troubles at one of China's biggest real estate companies has triggered speculation whether it could be the 'Lehman Brothers moment' for the world's second biggest economy, drawing parallels with the collapse of the US bank in 2008 amid the bursting of the housing bubble that sparked a global financial crisis.

11 months ago·India
Read Full Article
The Guardian

‘China’s Lehman Brothers moment’: Evergrande crisis rattles economy

President Xi Jinping faces serious test of his financial reforms as struggles of property giant send ripples through real-estate sectorThe crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Jinping’s effort to reform the debt-ridden behemoths of the Chinese economy. It could also be the most significant test that China’s financial system has faced in many years.As angry protesters occup…

11 months ago·London, United Kingdom
Read Full Article
The Independent

Evergrande is a Lehman-style lesson for China

A slowdown in China’s property sector is a worry for the world economy, but the country has a different role in global finance to that of the US, writes Anna Isaac

11 months ago·London, United Kingdom
Read Full Article

Crunch Time For Evergrande, But No 'Lehman Moment'

With the future of Evergrande hanging in the balance, global markets have plunged on fears that one of China's biggest developers could collapse and cause a contagion throughout the world's number two economy and beyond. Talk of a "Lehman moment" has rung loud this week as worried investors try to ascertain whether the crisis could be a replay of the bankruptcy of Wall Street titan Lehman Brothers during the 2008 global financial crisis.

11 months ago·United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

43% of the sources are Center
The Guardian
The Independent
South China Morning Post
Indian Express
The Korea Times
Sky News
Al Jazeera
The Japan Times
Live Mint
Times of India
News18 India
Bangkok Post
L 36%
C 43%
R 21%
See less detail