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commerce
shāng yè
商业
·HSK 5

Evergrande (Chinese property developer)
Héngdà
恒大
founder
chuàngshǐrén
创始人
Hui Ka Yan (Evergrande founder)
Xǔ Jiāyìn
许家印
regarding / on the matter of
jiù
就
fraud / fraudulent conduct
qīzhà
欺诈
and others / et cetera
děng
等
eight (charges / items)
bā xiàng
八项
criminal charge
zuìmíng
罪名
in / at
zài
在
Shenzhen (city in China)
Shēnzhèn
深圳
to plead guilty / to admit guilt
rèn zuì
认罪
。

Evergrande Group
Héngdà Jítuán
恒大集团
founder
chuàngshǐrén
创始人
Hui Ka Yan (Evergrande founder)
Xǔ Jiāyìn
许家印
at / in (formal preposition)
yú
于
Shenzhen court
Shēnzhèn fǎyuàn
深圳法院
regarding / on the matter of
jiù
就
eight (charges)
bā xiàng
八项
criminal charges
xíngshì zhǐkòng
刑事指控
to plead guilty
rèn zuì
认罪
，
including / to include
bāokuò
包括
fundraising fraud
jízī zhàpiàn
集资诈骗
and / as well as
jí
及
misappropriation of funds
nuóyòng zījīn
挪用资金
，
court / tribunal
fǎtíng
法庭
will / going to (future marker)
jiāng
将
on a later chosen date
zé rì
择日
to pronounce judgment / to deliver verdict
xuānpàn
宣判
。

April 16, 2026 at 9:00 AM

China
Zhōngguó
中国
real estate
fángdìchǎn
房地产
giant / major player
jùtóu
巨头
Evergrande Group
Héngdà Jítuán
恒大集团
founder
chuàngshǐrén
创始人
Hui Ka Yan (Evergrande founder)
Xǔ Jiāyìn
许家印
at / during (formal preposition)
yú
于
this week
běn zhōu
本周
in / at
zài
在
Shenzhen court
Shēnzhèn fǎyuàn
深圳法院
to appear in court
chū tíng
出庭
to stand trial / to face trial
shòu shěn
受审
。
Hui Ka Yan (Evergrande founder)
Xǔ Jiāyìn
许家印
on / regarding
jiù
就
eight (charges)
bā xiàng
八项
criminal charges
xíngshì zhǐkòng
刑事指控
to plead guilty
rèn zuì
认罪
，
among which / including
qízhōng
其中
to include
bāokuò
包括
illegal / unlawful
fēifǎ
非法
to absorb / to solicit
xīshōu
吸收
the public / general public
gōngzhòng
公众
deposits / savings
cúnkuǎn
存款
、
fundraising fraud
jízī zhàpiàn
集资诈骗
and / as well as
jí
及
misappropriation of funds
nuóyòng zījīn
挪用资金
and so on / et cetera
děng
等
。
in addition / furthermore
cǐwài
此外
，
he / him
tā
他
also / in addition
hái
还
to face / to confront
miànlín
面临
to misappropriate / to embezzle
nuóyòng
挪用
corporate assets
qǐyè zīchǎn
企业资产
and / as well as
jí
及
commercial bribery
shāngyè huìlù
商业贿赂
(attributive particle)
de
的
charges / accusations
zhǐkòng
指控
。
the prosecution / procuratorate
jiǎnchá jīguān
检察机关
to charge / to allege
zhǐkòng
指控
to state / to allege
chēng
称
，
Evergrande
Héngdà
恒大
systematically
xìtǒng xìng de
系统性地
(used to indicate the object of an action)
jiāng
将
homebuyers
gòufángzhě
购房者
pre-sale funds
yùshòu zījīn
预售资金
to divert for other purposes / to misappropriate
nuó zuò tā yòng
挪作他用
，
rather than / instead of
ér fēi
而非
to use for / for the purpose of
yòng yú
用于
to complete / to finish
wánchéng
完成
contract / agreement
hétong
合同
in / within
zhōng
中
agreed upon / stipulated
yuēdìng
约定
(attributive particle)
de
的
housing projects
zhùfáng xiàngmù
住房项目
。
this (specific) / such
zhè yī
这一
conduct / behavior
xíngwéi
行为
to lead to / to result in
dǎozhì
导致
nationwide / across the country
quánguó
全国
280 cities
280 gè chéngshì
280个城市
(attributive particle)
de
的
approximately / around
yuē
约
approximately 1,300 (units)
1300 gè
1300个
property development / housing project
lóupán
楼盘
to be left unfinished / unfinished construction
làn wěi
烂尾
，
millions of / numbering in the millions
shù yǐ bǎiwàn jì
数以百万计
(attributive particle)
de
的
family / household
jiātíng
家庭
unable to / cannot
wúfǎ
无法
to move into / to take possession of
rùzhù
入住
already purchased
yǐ gòu
已购
housing / property
fángwū
房屋
。
Evergrande
Héngdà
恒大
since / from
zì
自
the year 2021
2021 nián
2021年
from / starting
qǐ
起
already / have
yǐ
已
on / with regard to
duì
对
$300 billion
3000 yì měiyuán
3000亿美元
(attributive particle)
de
的
the vast majority
jué dà duōshù
绝大多数
debt / liabilities
zhàiwù
债务
to default / to breach a contract
wéiyuē
违约
，
to become
chéngwéi
成为
global / worldwide
quánqiú
全球
scale of liabilities / debt scale
fùzhài guīmó
负债规模
largest / greatest
zuì dà
最大
(attributive particle)
de
的
real estate company
fángdìchǎn gōngsī
房地产公司
one of
zhī yī
之一
。
Hui Ka Yan (Evergrande founder)
Xǔ Jiāyìn
许家印
after / in (contextual)
zài
在
trial proceedings / court hearing
tíng shěn
庭审
to end / to conclude
jiéshù
结束
after / following
hòu
后
to express / to indicate
biǎoshì
表示
to show remorse / to admit wrongdoing
huǐ guò
悔过
，
court
fǎyuàn
法院
will / going to (future marker)
jiāng
将
at / on (formal)
yú
于
later / shortly after
shāo hòu
稍后
to announce / to make public
gōngbù
公布
verdict / judgment result
pànjué jiéguǒ
判决结果
。
this case
cǐ àn
此案
(passive marker)
bèi
被
the outside world / observers
wàijiè
外界
to regard as / to see as
shì wéi
视为
China
Zhōngguó
中国
real estate
fángdìchǎn
房地产
crisis
wēijī
危机
in the midst of / within
zhōng
中
the most / most representative of
zuì jù
最具
symbolic significance
xiàngzhēng yìyì
象征意义
(attributive particle)
de
的
judicial reckoning / legal settlement
sīfǎ qīngsuàn
司法清算
。

New Words

qìchē gōngyè
汽车工业
automotive industry
diàndòng qìchē
电动汽车
electric vehicle
zìdòng jiàshǐ
自动驾驶
autonomous driving
diànchí jìshù
电池技术
battery technology
zhìzàoshāng
制造商
manufacturers
gōngyìng liàn
供应链
supply chain
zhèngcè
政策
policy
diànqìhuà
电气化
electrification
xiāoshòu
销售
sales
shí nián
十年
decade

News in English

Business

Evergrande Founder Hui Ka Yan Pleads Guilty to Eight Charges Including Fraud and Embezzlement

Hui Ka Yan, founder of China Evergrande Group, pleaded guilty in a Shenzhen court to eight criminal charges including fundraising fraud and misappropriation of funds, as the landmark trial over the property giant collapse concluded its hearing phase.

The automotive industry is experiencing rapid transformation driven by the transition to electric vehicles and autonomous driving technology.

Major car manufacturers are investing heavily in battery technology and electric vehicle development.

These investments are reshaping supply chains and creating new business opportunities in the EV sector.

Government policies supporting electrification are accelerating the pace of industry transformation.

Industry analysts predict that electric vehicles will comprise a significant portion of global vehicle sales within the next decade.

More in Business

Amazon (company)
Yǎmǎxùn
亚马逊
to receive / to get
shōudào
收到
$600 million
6 yì měiyuán
6亿美元
tax refund / tariff refund
tuìshuì
退税
，
will (future marker)
jiāng
将
a portion / part
bùfèn
部分
to return / to refund
fǎnhuán
返还
to / for
gěi
给
customers
gùkè
顾客
。

Amazon Receives 600 Million Dollars in Tariff Refunds and Will Return Some to Customers

China
Zhōngguó
中国
in July / for July
qīyuèfèn
七月份
manufacturing sector
zhìzàoyè
制造业
PMI (Purchasing Managers Index)
PMI
PMI
to drop to / fall to
diè zhì
跌至
49.2 (contraction territory)
49.2
49.2
，
five months
wǔ gè yuè
五个月
within the past period / since
lái
来
for the first time
shǒucì
首次
to contract / to shrink
wěisuō
萎缩
。

China Manufacturing PMI Falls to 49.2 in July, First Contraction in Five Months

Bank of England
Yīnggélán yínháng
英格兰银行
by / with
yǐ
以
six votes to three
liù bǐ sān piào
六比三票
to maintain / to keep
wéichí
维持
base interest rate / benchmark rate
jīzhǔn lìlǜ
基准利率
3.75 percent
3.75%
3.75%
unchanged / constant
búbiàn
不变
。

Bank of England Holds Rate at 3.75% as Monetary Policy Committee Votes 6-3

the United States
Měiguó
美国
second quarter / Q2
dì èr jìdù
第二季度
GDP (gross domestic product)
GDP
GDP
to grow / growth
zēngzhǎng
增长
1.5 percent
1.5%
1.5%
，
lower than / below
dīyú
低于
market
shìchǎng
市场
expectations / forecast
yùqī
预期
。

US Economy Grows 1.5% in Second Quarter, Below Market Expectations