09/25/2021 Daniel Lacalle
The bankruptcy of the Chinese real estate company Evergrandeis much more than a “Chinese Lehman.” Lehman Brothers was much more diversified than Evergrande and better capitalized. In fact, the total assets of Evergrande that are on the brink of bankruptcy outnumber the entire subprime bubble of the United States.
https://mises.org/wire/evergrande-isnt-chinas-lehman-moment-it-could-be-worse