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
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