Evergrande founder Hui pleads guilty to fraud and bribery

Now liquidated, Evergrande - which at its peak had 1,300 real estate projects in 280 cities - became the symbol of the 2021 real estate crisis when it went bankrupt.

The crisis still lies like a wet blanket over China's economy.

The company, which was listed on the Hong Kong Stock Exchange before its collapse, had more than $300 billion in debt at the time of bankruptcy, and founder Hui was then Asia's second-richest man.