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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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WATCH: StanChart CEO Winters shares his views on the Chinese government’s policies, and the debt woes in the real estate market.(Source: Bloomberg)

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.