Lehman lessons should keep China out of trouble

On the 5th anniversary of the Lehman Brothers bankruptcy, Chinese economists tell FinanceAsia that, despite fears of a burgeoning shadow banking industry, the country will avoid systemic financial failure.

Lehman lessons should keep China out of trouble
Sign of the times: Chinese economists say they are convinced a bank default on such a scale will not happen in the country, in spite of fears of a swelling shadow banking industry.

It sometimes feels like the whole world is bracing for the financial crisis to re-emerge in China, like a fresh outbreak of Sars.

But, as the 5th anniversary of Lehman Brothers’ came and went at the weekend, Chinese economists say they are convinced a bank default on such a scale will not happen, in spite of fears of a swelling shadow banking industry.

Broadly, the collapse of the US bank, and...

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