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Is China about to face its "Lehman Brothers moment"?

CBS News
CBS News
 28 days ago

Cover picture for the articleOne of China's biggest property developers is at risk of buckling under billions of dollars in debt, raising concerns among investors around the globe that China could face a "Lehman Brothers moment" if the firm collapses and triggers financial contagion. Here's why Evergrande Group is suddenly rattling financial markets from Hong Kong to Wall Street.

www.cbsnews.com

Comments / 23

Flying Dutchman
28d ago

If Evergrande fails and I hope it does, there will be a cascading effect on all of their suppliers. Supposedly, they build homes. Too big to fail? I guess that’s up to the CCP.

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Justice Forall
27d ago

China should y facing TREMENDOUS BACKLASH from the world....for creating and purposely releasing THE VIRUS on this world....WAKE UP 🌎 WORLD

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peter
28d ago

I hope China finance institutions bust 👍👍👍👍the free trade must stop trade and manufacturing with China 🇨🇳

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