Evergrande

Evergrande enters the wiki through Building things and breaking things in China (Summer School World Tour) as the main corporate case in the episode’s account of China’s property boom and bust. The source connects Xu Jiayin, large debts, prepaid unfinished apartments, local-government land dependence, speculative home buying, and the 2020 debt restrictions into China Real Estate Debt Cycle.

The episode treats Evergrande less as a single-company scandal than as a system signal. Its excesses and collapse reveal how a construction-led growth model can pull households, developers, local governments, banks, and investors into the same loop before policy tightening exposes the debt.

Connections

• Xu Jiayin - founder named in the source.
• Xi Jinping - political leader whose anti-speculation housing line marks the pivot.
• China Real Estate Debt Cycle - concept built around the boom-bust loop.
• Engineering State and Infrastructure Malinvestment - broader state-capacity and misallocation frame.