Crunch time for Evergrande, but no ‘Lehman moment’

Evergrande’s debt pile became a major issue last year when the government began unveiling a series of measures aimed at reining in borrowing

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.

“We believe Beijing would only be compelled to step in if there is a far-reaching contagion causing multiple major developers to fail and posing systemic risks to the economy,” it said.

Originally published as Crunch time for Evergrande, but no ‘Lehman moment’

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