Capitalisn't

Is Evergrande Really China’s Lehman Moment?

In September China's second largest real-estate developer, Evergrand, missed a debt payment estimated in the hundreds of millions of dollars. Skeptics and bears on China have long said that its property market, which makes up some 30% of GDP, is over-leveraged and overheated. The recent news has people asking...are the bears right, and could this be…