HONG KONG -- Xu Jiayin, China's third-richest person, built his wealth on the back of a corporate borrowing binge and has never been shy of betting on grand plans.
The tycoon, who previously worked at a state-owned steel factory for a decade and then at a trading firm for four years before moving into real estate in 1996, last week unveiled another such plan to restore the diminishing luster of his company, China Evergrande Group.
