China Not ‘Dumb’ Enough for Lehman Moment, StanChart CEO Says
- Winters says lender has no concerning exposures to Evergrande
- Global economy facing bumpy recovery as support phased out
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The Chinese government won’t allow the turbulence surrounding stricken property developer China Evergrande Group to turn into a systemic crisis, the chief executive officer of Standard Chartered Plc said.
The lender, which has a heavy focus on Asia, has no “concerning exposures to the property sector,” CEO Bill Winters said in an interview with Bloomberg Television recorded in London on Tuesday.