The House of Cards Comes Crashing Down The Chinese courts' decision to sentence Xu Jiayin, founder of Evergrande Group, to life in prison marked the final blow to one of China's most egregious examples of corporate malfeasance.
This verdict serves as a reminder that no one is above the law and raises fundamental questions about governance and accountability in China's economic model.
The case of Xu Jiayin and Evergrande has been unfolding for years, with its contours familiar to anyone who has followed China's tumultuous real estate market.