China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence — Live Feedhttps://www.live-feeds.com/feed/china-moves-to-wrap-up-saga-of-troubled-property-giant-evergrande-after-founder-gets-life-sentenceContinuously updated, source-cited coverage. China sentences Evergrande founder to life in prisonhttps://www.live-feeds.com/feed/china-moves-to-wrap-up-saga-of-troubled-property-giant-evergrande-after-founder-gets-life-sentencehttps://www.live-feeds.com/feed/china-moves-to-wrap-up-saga-of-troubled-property-giant-evergrande-after-founder-gets-life-sentence#u46553Sun, 23 Aug 2026 01:31:03 +0000China has sentenced the founder of Evergrande, Xu Jiayin, to life in prison for fraud and bribery. This development marks a significant step in China's efforts to wrap up the saga of the troubled property giant. Evergrande is the world's most-indebted property developer, with creditors still owed $300 billion.Why it mattersEvergrande's financial troubles have been a major concern for China's economy, with the company's debt crisis sparking fears of a broader financial contagion. The company's founder, Xu Jiayin, was once China's richest man. The sentencing is