Worries about highly indebted property developer China $CHIN...

Worries about highly indebted property developer China $CHINA EVERGRANDE GROUP(EGRNF.US)$ ’s ability to pay interest on its U.S. dollar-denominated bonds has prompted comparisons to the collapse of Lehman Brothers in 2008 and the subsequent financial crisis. When it comes to the actual scale of impact, analysts point out that Evergrande holds land, while Lehman held financial assets. International Monetary Fund Chief Economist Gita Gopinath told Reuters this week the organization believes “China has the tools and the policy space to prevent this turning into a systemic crisis.”