On Monday, many investors couldn’t help but wonder if the liquidation order China Evergrande Group received from a Hong Kong court was a “Lehman moment.” Not quite. More likely, the milestone here is of a very different nature: a move that catalyzes Beijing to get serious about ending its property crisis once and for all. […]
China Evergrande liquidation is no Lehman moment
Indebted property developer’s court-ordered liquidation could give Beijing the pivot point it needs to get serious about structural reform