In September China’s second-largest real-estate developer, Evergrande, missed an $83.5 million debt payment. Critics of China’s economy have long said that its property market, which makes up some 30 percent of GDP, is over-leveraged and overheated. Evergrande’s missed payment and big debt obligations have prompted some to ask whether this could be China’s equivalent to the collapse of Lehman Brothers.

On this episode of the Capitalisn’t podcast, hosts Luigi Zingales and Bethany McLean speak with two people who hold different views on that question: Jim Chanos, founder of investment advisor Kynikos Associates, and Chicago Booth’s Zhiguo He.

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