China Property Crisis Drags On After Evergrande Sentence

China property crisis grinds on as the sector enters its sixth year following the life sentence of Evergrande founder Hui Ka Yan. Millions of unfinished homes and falling prices continue to weigh on the broader economy while trade tensions rise.

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Hui Ka Yan, the founder of China's Evergrande Group stands in court at the Shenzhen Intermediate People's Court, in Shenzhen, Guangdong province, China in this handout image release by Shenzhen Intermediate People's Court on August 20, 2026. Shenzhen Intermediate People's Court/Handout via REUTERS

China's property sector slump is extending into its sixth year as the economy grew 4.3% in the three months to June, the slowest pace in more than three years.

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