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 luxury home in Los Angeles owned by Xu’s son was recently sold for $12.5 million to a local couple, at $5 million lower than the asking price, excluding real estate agent fees, taxes, maintenance fees, and other closing costs said Dirt, a U.S.-based media outlet focus on high-end real estate on Nov. 29. Located on three floors on Sierra Alta Way near the famous Sunset Strip, in Los Angeles, the luxury home has five bedrooms and ten bathrooms, as well as a theater, gym, sauna, bar, gallery, and underground parking with seven spaces. The real estate …