Evergrande sentence signals no bailout for China’s troubled property sector
This handout photo released from the Shenzhen Intermediate People’s Court on August 20, 2026 shows Evergrande founder Xu Jiayin (centre) during a trial in Shenzhen, southern China’s Guangdong province. China sentenced the founder of embattled property giant Evergrande to life in prison and fined the group more than US$2 billion…
bubmagAugust 20, 2026