The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says

• The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, CFR expert said.
• "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization."
• But Evergrande's property crash has exacerbated weak investor and consumer confidence, which takes time to restore.

China's crumbling property sector, its stock market crash, and its gummed-up economy have drawn some comparisons to the 2008 crash in the US.