Xu Jiayin pleads guilty in court

In fact, this is the most dignified retreat
All that should be enjoyed has been enjoyed
Evergrande football can even play at the peak level of Barcelona
And socialize with Jack Ma
Smokes tens of millions worth of cigars a year
Over 200 members in the Evergrande choir and dance troupe
Spending over a hundred million annually
Drinks the best and newest Evergrande Bingquan and Kona
Spending millions on water every year
Midnight private jet trips to drink Guangdong herbal tea
The red-topped businessman of the past
Joined the Political Consultative Conference in 2008
Enjoys ministerial-level treatment
In every province
Has close ties with municipal and provincial committees
Uses money, projects, and charity
To exchange for policy support and political honors
From a carpenter’s son in rural Henan to the richest man
Finally ascending the Tiananmen Rostrum to watch the parade
Since the reform and opening up, has shown
The most stark clash between socialism and capitalism
Probably what Evergrande has left behind
Is nearly 2 million unfinished buildings
Left for local governments and urban investment companies to clean up the mess
Now with debts reaching 2.6 trillion yuan,
Reorganization is no longer possible
Equivalent to each Chinese person paying about 1,800 yuan for Xu Jiayin
Exceeds Greece’s entire GDP
No entity can resolve these debts
Ultimately, it’s left to local governments,
Basically the banks and taxpayers,
And ultimately, it’s you, me, and him who bear it all
Whether former investors, distributors,
Or owners of unfinished buildings,
All have become the victims of this era’s massive debt
And at nearly seventy years old,
A guilty plea marks the end of it all
How will this all end?