Overview

The History and Untold Story of Evergrande China and its Liquidation In this gripping account, China's expert Navin Vett tells the inside story of Evergrande, the Chinese real estate behemoth that soared to unimaginable heights before collapsing dramatically in 2024. Navin takes you on a wild ride through Evergrande's meteoric rise, propelled by debt and ambition. You'll learn about the flamboyant founder, Xu Jiayin, a former steel factory worker who aspired to build a real estate empire, and the ruthless dealmakers who helped him realize his dream. However, Navin also delves into the darker aspects of Evergrande's story. He reveals the company's reckless financial practices, ties to the Chinese government, and the human toll of its collapse. Millions of ordinary Chinese citizens lost their life savings when Evergrande went bankrupt, and countless employees were laid off. This book is a must-read for anyone who wants to understand the forces shaping China's future and the world's.

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