China's 'Lehman Brothers moment' will be just as tense as 2008

Just because Beijing can rescue failing companies does not mean that it will

Benjamin Bennett

October 20, 2023 17:00 JST

20231020 lehman

U.S. policymakers chose to let Lehman Brothers collapse in 2008. © Reuters

Benjamin Bennett is Asia-Pacific investment strategist for Legal & General Investment Management in Hong Kong.

Many people are asking whether China could be approaching a moment like what the U.S. encountered with the collapse of Lehman Brothers in 2008.

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