Sunday, April 14, 2024
More
    HomeBusinessEvergrande's liquidation crisis won’t be China’s Lehman moment: Leland

    Evergrande’s liquidation crisis won’t be China’s Lehman moment: Leland

    China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021.

    Jakub Porzycki | Nurphoto | Getty Images

    A liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China’s struggling real estate sector — but analysts say the spillover will likely be contained, with one saying it might actually be “good news.”

    Shehzad Qazi, chief operating officer at China Beige Book International, told CNBC on Tuesday that China will now be forced to absorb the liabilities of any large company failures, such as Evergrande, within the property sector in order to protect against wider contagion.

    RELATED ARTICLES

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    - Advertisment -
    Google search engine

    Most Popular

    Recent Comments