A Chinese
court handed a life sentence last week to the former billionaire who once
epitomized the dramatic rise and fall of the nation’s housing market.
Yet, this
punishment has done little to ease the country’s grinding property crisis,
which is now entering its sixth year. The prolonged collapse continues to drag
down the world’s second-largest economy, squeeze millions of households, spark trade
friction, and force an export-heavy growth strategy.
Industry
analysts see no immediat...
