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Evergrande Founder Gets Life But Homebuyers, Suppliers Bear The Costs Of China's Property Collapse
Evergrande Founder Gets Life But Homebuyers, Suppliers Bear The Costs Of China's Property Collapse
Authored by Michael Zhuang via The Epoch Times,
The sentencing of China Evergrande founder Hui Ka Yan to life in prison has brought a legal reckoning for one of the country's most spectacular corporate collapses. However, for hundreds of thousands of homebuyers, investors, and other creditors, the ruling does little to resolve the financial losses left behind by the property giant.
Xu Jiayin, also known as Hui Ka Yan, founder of property developer Evergrande, appears for sentencing at...
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