Wall Street’s Message on Evergrande: China Has It Under Control
- Analysts dismiss concern that this is China’s Lehman moment
- Stock markets stabilize after Monday’s global selloff
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Wall Street analysts are putting their faith in the Chinese Communist Party.
After a harrowing Monday that saw risky assets tumble globally on fears of a collapse in China Evergrande Group, some of the world’s biggest banks and money managers raced to assure investors that this is no Lehman moment.