Just weeks after investors had to contend with a clampdown on leading technology companies in China, they are now reading about a possible default of the country’s largest property developer, Evergrande. The company has $300 billion in debt outstanding, and China’s property market has weakened as a result of measures the Chinese government took one year ago to curb booming property prices. These measures contributed to a 21% decline in home sales by developers in August over a year ago.

According to a CNN Business report, Ed Yardeni raised the specter that an Evergrande meltdown could have “systemic risks on par with the impact Lehman Brothers’ demise had on the U.S. stock market.” However, other economists have…

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