China’s Property Crisis: From Evergrande Collapse to Spiraling Prices
Once one of the country’s biggest growth drivers, China’s property market has been in a downward spiral for five years.
Real estate values continue to plummet, households in financial distress are being forced to sell properties, and apartment developers that racked up enormous debt on speculative projects are on the brink of collapse.
Evergrande founder sentenced to life in prison
- Evergrande founder sentenced to life in prison by Chinese court ABC News —
- China sentences Evergrande founder Hui Ka Yan to life in prison for financial crimes Times Of India —
- Chinese court sentences founder of property developer Evergrande to life in prison NPR —
- Evergrande founder Hui Ka Yan, from property tycoon to life in jail The Straits Times —
- China Evergrande founder sentenced to life in prison Japan Today —