Evergrande’s crisis was ‘a long time coming,’ says banned short-seller Andrew Left

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Andrew Left, founder and CEO of Citron ResearchAdam Jeffery | CNBCAndrew Left, an American short-seller banned from trading in Hong Kong for a damning report he wrote on Evergrande years ago, says the Chinese property developer's debt crisis was "a long time coming." But he told CNBC he doesn't think Evergrande's situation indicates a widespread problem for China."The Evergrande situation was a long time coming and China needed to rid this from their system. This is not a Lehman moment and this is not systemic," Left told CNBC in an email.He was referring to the collapse of Lehman Brothers in 2008 — the world's fourth-largest investment bank at that time, which filed the largest corporate bankruptcy in U.S. history. That bankruptcy spilled over to other banks, triggering the global financial crisis.Left, the founder of Citron Research, was banned from trading in the Hong Kong markets after he published a 2012 report predicting that Evergrande would soon be ins
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