Chinese court sentences founder of troubled property developer Evergrande to life in prison
Its downfall triggered a wider crisis among Chinese developers and contributed to a prolonged downturn in the country’s property market.
The founder of Chinese property giant Evergrande, Hui Ka Yan, has been sentenced to life in prison for large-scale financial fraud.
The case marks a major chapter in the collapse of one of China’s most indebted property empires—and highlights the continuing fallout from the country’s real estate crisis.
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