# China’s property crisis grinds on after Evergrande sentencing

https://mins.news/en/item/30069

- Reuters, 2026-08-23 23:30 UTC
- Economy
- Original: https://www.reuters.com/world/china/chinas-property-crisis-grinds-after-evergrande-sentencing-2026-08-23/?link_source=ta_bluesky_link&taid=6a8b8296b8057d00014d5052

> The billionaire who once came to embody the boom and bust of China’s property market was sentenced to life in prison by a Chinese court last week. The punishment comes as the country’s property crisis continues.