(FILES) This aerial photo taken on September 17, 2021 shows a housing complex by Chinese property developer Evergrande in Huaian in China's eastern Jiangsu province. A Chinese court on August 20, 2026 fined embattled property giant Evergrande billions of yuan and sentenced its founder Xu Jiayin to life in prison. (Photo by CN-STR / AFP via Getty Images) / China OUT

(FILES) A general view of the unoccupied Evergrande Centre building in Shanghai on July 27, 2022. A Chinese court on August 20, 2026 fined embattled property giant Evergrande billions of yuan and sentenced its founder Xu Jiayin to life in prison. (Photo by Hector RETAMAL / AFP via Getty Images)

(FILES) This aerial view shows a housing complex by Chinese property developer Evergrande in Nanjing, in China's eastern Jiangsu province on January 29, 2024. A Chinese court on August 20, 2026 fined embattled property giant Evergrande billions of yuan and sentenced its founder Xu Jiayin to life in prison. (Photo by CN-STR / AFP via Getty Images) / China OUT

(FILES) This aerial photo taken on August 14, 2023 shows buildings of China's developer Country Garden Holdings in Zhengzhou, in China's central Henan province. A Chinese court on August 20, 2026 fined embattled property giant Evergrande billions of yuan and sentenced its founder Xu Jiayin to life in prison. (Photo by CN-STR / AFP via Getty Images) / China OUT

(FILES) This aerial photo taken on August 14, 2023 shows buildings of China's developer Country Garden Holdings in Zhengzhou, in China's central Henan province. A Chinese court on August 20, 2026 fined embattled property giant Evergrande billions of yuan and sentenced its founder Xu Jiayin to life in prison. (Photo by CN-STR / AFP via Getty Images) / China OUT

(FILES) This photo taken on December 13, 2021 shows Evergrande International Center in Guangzhou, in China's southern Guangdong province. A Chinese court on August 20, 2026 fined embattled property giant Evergrande billions of yuan and sentenced its founder Xu Jiayin to life in prison. (Photo by Jessica YANG / AFP via Getty Images)

(FILES) The Evergrande logo is seen on residential buildings in Nanjing, in China's eastern Jiangsu province on August 18, 2023. A Chinese court on August 20, 2026 fined embattled property giant Evergrande billions of yuan and sentenced its founder Xu Jiayin to life in prison. (Photo by CN-STR / AFP via Getty Images) / China OUT

(FILES) This aerial photo taken on December 3, 2022 shows a housing complex by Chinese property developer Evergrande in Huaian, in China's eastern Jiangsu province. A Chinese court on August 20, 2026 fined embattled property giant Evergrande billions of yuan and sentenced its founder Xu Jiayin to life in prison. (Photo by CN-STR / AFP via Getty Images) / China OUT