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Is China facing its ‘Lehman moment’? Here’s what private banks think

By William Pesek , contributing editor | 27 July 2022 | 5 minutes read
Photo by Skull Kat on Unsplash

For Chinese president Xi Jinping, 2022 has been a giant and intense game of financial whack-a-mole. The government’s “zero-COVID” policy gave way to plunging stocks, flatlining GDP, surging inflation, the worst capital flight in seven years and a rare mutiny by households across the nation. Yet, this last challenge provides a microcosm for a year that has proven much tougher…

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