Xu Jiaying
The situation surrounding Xu Jiaying, chairman of China Evergrande Group, has caused quite the stir on Chinese social media. Xu was allegedly taken away by legal measures due to suspected crimes and illegal acts, with many questioning his actions and motives.
1 October 2023
On WeChat, the topic of Xu Jiaying and Evergrande continues to dominate discussions, however, few people are defending him. One Weibo user's post sums up a common sentiment: "Despite the size of Evergrande, once it collapses, the losses will be shared by society, while the benefits will belong to Xu and his executives."
The potential outcomes for Xu Jiaying are discussed in another Weibo post. These include life imprisonment (80% chance), serving a prison term of 25 years (70% chance), or serving a prison term of 20 years (50% chance). This sparks the question of whether profits have been made by Xu and his executives recently, with the answer being yes, but they can distribute shares amongst themselves while leaving debts to the company. Hence, Xu
