China’s economic model isn’t working, but that doesn’t mean the country’s headed for a ‘Lehman moment’

Economists are wary on China, but many don’t expect a Lehman moment to transpire. Getty Images / Stringer, Getty China’s economy hasn’t rebounded from the pandemic, and its troubles have fueled talks of a “Lehman moment.” China experts and economists told Insider that the troubles in the property sector are serious, but different from the 2008 US crisis. “You’re not going to have a comparable banking crisis because of the simple reason you have a state-owned financial system.” Recent chatter of China facing its own “Lehman moment” hasn’t emerged out of thin air. President Xi Jinping is overseeing a nightmare…