China’s property-driven economic crisis is real but it’s not facing a ‘Lehman moment’

The China Evergrande Group logo is seen on residential buildings in Nanjing, in eastern Jiangsu province, on August 18. The embattled Chinese property giant filed for bankruptcy protection in the United States on August 17, court documents showed, a measure that protects its US assets while it pursues a restructuring deal. Photo: AFP

The China Evergrande Group logo is seen on residential buildings in Nanjing, in eastern Jiangsu province, on August 18. The embattled Chinese property giant filed for bankruptcy protection in the United States on August 17, court documents showed, a measure that protects its US assets while it pursues a restructuring deal. Photo: AFP

South China Morning Post

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