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Wall Street’s Message on Evergrande: China Has It Under Control

  • Analysts dismiss concern that this is China’s Lehman moment
  • Stock markets stabilize after Monday’s global selloff
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WATCH: UBS’s’ Bhanu Baweja says Evergrande  “isn’t having a Lehman moment.”(Source: Bloomberg)

Wall Street analysts are putting their faith in the Chinese Communist Party.

After a harrowing Monday that saw risky assets tumble globally on fears of a collapse in China Evergrande Group, some of the world’s biggest banks and money managers raced to assure investors that this is no Lehman moment.