Category: Xu Jiayin

Evergrande Strives in Defaults, Chairman Sold a Family Home In Hollywood at a $5 Million Loss

December 9, 2021
ChinaChina Business & Economychina evergrandedebt defaultXu Jiayin
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China Evergrande Group’s inability to pay off millions in debts has resulted in the introduction of a risk resolution working group with the Chinese regime’s intervention. Xu Jiayin, the founder and chairman, has been pushed to sell his family’s assets, including a mansion in the Hollywood Hills sold at a loss of $5 million. A…

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The Story of Evergrande’s Founder and What It Means for the Company’s Future

October 2, 2021
debtevergrandegearingOpinionThinking About ChinaViewpointsXu Jiayin
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Commentary What would appear to be an American-dream, rags-to-riches story may not have a happy ending for the founder of Evergrande, China’s largest real-estate developer. After rating agency Fitch lowered the company’s rating to near default, the founder’s history of high-leverage business investments may have finally run the company dry. As the company appears to…

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China’s Political Storms, From Alibaba to Evergrande

September 28, 2021
ChinaChina Business & EconomyChinese Regimecommon prosperityJack MaXu JiayinZhao Wei
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Analysis Xi Jinping may be fighting hard to pave his way to the upcoming 20th Party congress meeting in 2022. He may be directing his actions at the Jiang Zemin faction that Xi has implied are careerists in the Party. From the recent push for common prosperity, to the purging of the entertainment industry and the…

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