- Evergrande founder Xu Jiayin (also reported as Hui Kan Yan) was sentenced to life in prison and had his personal assets confiscated, with dozens tied to the group also jailed.
- A mainland court accepted bankruptcy liquidation of Evergrande’s Chinese property unit—an important step in winding up the roughly $300 billion collapse, though the process is expected to take a long time.
- China’s housing market remains weak (home prices down about 20%+ since 2021), leaving an uncertain road to recovery for a sector that once accounted for roughly a quarter of the economy.
The news, distilled into what matters.
Get the full experience in the app — topics, comments, and audio summaries.