Read more on this subject: China
News Story Source: Zero Hedge
Wall Street analysts have been churning out commentary this week proclaiming that while Evergrande's troubles pose a serious threat to the Chinese economy, it's potential collapse doesn't represent a "Lehman Moment". As Thursday's bond-interest deadline looms, analysts at Mizuho write that "while street wisdom is that Evergrande is not a 'Lehman risk', it is by no stretch of the imagination any meaningful comfort…It could end up being China's proverbial house of cards … with cross-sector headwinds already felt in materials/commodities."
We touched on this earlier, with analysts at SocGen raising the odds of a "hard landing" – an "extended, severe property-led slowdown" – to 30%.
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