Evergrande founder Xu Jiayin remains a local hero despite woes

Villagers in hometown of Jutaigang praise embattled mogul for giving back

20231101N Xu Jiayin 2018 REUTERS

Evergrande Group Chairman Xu Jiayin became China's richest person in 2017. © Reuters

NORIYUKI DOI, Nikkei staff writer

ZHOUKOU, China -- Even as crisis grips China Evergrande Group, its founder, Xu Jiayin, continues to evoke pride and gratitude for those in his home village in a central Chinese province of Henan.

"I'll never forget how he helped our village," said a resident of Jutaigang, which is part of Zhoukou, a city that lies about 700 kilometers northwest of Shanghai.

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