Is China’s ‘Lehman Moment’ Near?

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 18 August 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Aug. 18. Financial stress at a large asset manager in China is making investors nervous about contagion from the country’s slumping property sector, as Evergrande files for bankruptcy. Reporter Rebecca Feng unpacks worries of China’s “Lehman moment.” Plus, Russia’s economy has reached its speed limit. Reporter Chelsey Dulaney explains. And an activist investor pulls up a chair at Outback Steakhouse. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	want to make the most of festival season.
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0:25.9	Look for on-pack info and co-cap for how to enter and tease and seize.
0:28.6	Entrance must be 18 plus.
0:34.7	Investors begin to fear that economic contagion could spread from China's property sector.
0:40.8	Plus a year and a half after the invasion of Ukraine,
0:43.7	Russia's economy is losing steam.
0:46.2	The outlook for Russia was already pretty dismal heading into the war,
0:50.1	but now economists think that their economy,
0:53.0	the most it can grow is potentially 1%.
0:55.6	And a prominent activist investor pulls up a seat at Outback Steakhouse.
1:00.8	It's Friday, August 18th.
1:02.4	I'm Luke Vargas for the Wall Street Journal,
1:04.4	and here is the AM edition of What's News,
1:07.5	the top headlines and business stories moving your world today.
1:17.0	We begin today with more economic news out of China,
1:20.1	where signs of financial stress at one of the country's large asset managers
	...

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