Evergrande Crisis Isn’t China Lehman Moment for Citi, Barclays
- Conditions not in place for a Lehman like collapse: Barclays
- Citi sees Chinese policy makers “push forward marginal easing”
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China Evergrande Group’s debt crisis is unlikely to become China’s “Lehman moment,” according to strategists at Citigroup Inc., Barclays Plc and UBS Group AG.
Barclays argues the market environment isn’t similar to what happened during the collapse of Lehman Brothers, UBS says the default levels are pretty low versus the size of China’s economy and Citi expects the policy makers to step in.