Is China Evergrande stock the “Lehman” moment for China?
In this article, I will not be going in-depth into China Evergrande stock problem since its debt issue has already been widely publicized and blogged about by the community. Instead, I will give my brief thoughts on whether China currently presents an opportunity from a “value” angle, with China stocks having been sold off heavily in YTD 2021 and how can one partake in the China story, if that story remains an appealing one.
The story of China Evergrande’s debt problems has been the talk of the town of late and a catalyst triggering the stock market sell-off over the past week. There are concerns that China Evergrande is going to be China’s Lehman moment, although the consensus among Wall Street analysts at present is that, despite China Evergrande’s position as one of the largest property firms in China, the situation doesn’t come close to being a “Lehman moment”....