Evergrande's $2 trillion debt is not Xu Jiayin's problem alone, but the problem of him, his Evergrande and a group of people behind him. Evergrande Group issued an official notice confirming that Liu Yongzhuo, the leader of Evergrande Automobile, was detained in accordance with the law on suspicion of violating the law and committing crimes, which is the third executive of Evergrande to lose his freedom. The other two are Xu Jiayin and Du Liang, although they are both **, but Liu Yongzhuo was detained in accordance with the law.
Xu Jiayin is a coercive measure, and Liu Yongzhuo's detention in accordance with the law is more serious than Xu Jiayin's coercive measure. Whether or not Xu Jiayin can lift the coercive measures and strive for leniency depends on his performance in making meritorious contributions. Xu Jiayin bit out Evergrande's executives, one is to alleviate his own sins, and the other is to strive for meritorious service.
Liu Yongzhuo is Xu Jiayin's number one fierce general, he entered Evergrande after graduating from university, from real estate to football teams, to culture, grain and oil, automobiles, etc., and participated in all major projects of Evergrande. Whenever Evergrande encounters a difficult bone to gnaw, Xu Jiayin always sends Liu Yongzhuo to solve it. At the age of 30, he served as the chairman of Evergrande Football, and at the age of 33, he led the Evergrande team to win the Asian championship and became a celebrity around Xu Jiayin.
Liu Yongzhuo not only has strong work ability, but also has an unparalleled ability to pat on the back. Most people don't talk about skills, and they often lick the leader and are embarrassed. In 2021, Evergrande Group, which seems to have unlimited scenery, has a debt crisis, the business empire collapses, financial management stops payments, real estate construction is suspended, and Evergrande team, ice springs, grain and oil, nursing homes, entertainment and other industries are insolvent. The only hope of turning around is Evergrande Automobile.
In order to grasp the last straw, Xu Jiayin parachuted Liu Yongzhuo into the person in charge of the automobile company, and pressed all his wealth and life on Liu Yongzhuo. Although Hengchi was complained by many car critics as industrial waste, under extremely difficult circumstances, Liu Yongzhuo worked hard for a year, but sent Hengchi to the market. But Liu Yongzhuo's loyalty was exchanged for Xu Jiayin's ruthless betrayal.
Evergrande has reached the stage of internal mutual reporting, rather than being reported by others, it is better to turn himself in and report others, so that he can make meritorious contributions. Evergrande's debt of 2 trillion yuan is not the problem of Xu Jiayin alone, but the problem of him and his Evergrande and a group of people behind him, wait and see.