China Evergrande is not a Lehman Brothers moment, but its fate spells trouble for long-term growth

Published Sep 20 2021 at 9:30 AM GMT
  • Chaotic scenes of hundreds of angry creditors outside the offices of China Evergrande demanding their money back have made for surreal viewing.
  • After all, the property developer looks quite solid on paper, with billions of dollars worth of assets that outweigh liabilities, and years of reported profits.
  • Until recently, chairman Xu Jiayin, or Hui Ka Yan in Cantonese, looked the picture of a well-connected Chinese businessman – rubbing shoulders with tycoons in Hong Kong and being hosted at the….



  • Published Sep 20, 2021 9:30 AM GMT