A Chinese podcast · Same story, 4 levels

恒大崩塌的一个背影:许家印那栋空置的伦敦顶级豪宅
A Shadow of Evergrande's Collapse: Xu Jiayin's Empty Top-Tier London Mansion
About this story
A Shadow of Evergrande's Collapse: Xu Jiayin's Empty Top-Tier London Mansion. HSK 5-6 Chinese listening practice.
This is an HSK 5-6 Chinese listening episode that runs about 6 minutes. The full Mandarin script is shown with tap-for-pinyin and a line-by-line English translation, so you can listen and read at once — comprehensible input in the sense of Stephen Krashen's i+1 theory. It teaches 16 key vocabulary words such as 问题、普通、农村 and walks through 3 grammar patterns, each explained in English with examples. The same news story is retold at 4 difficulty levels — use the level selector above to find the version that is challenging but still understandable for you.
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原文Read the complete story in Chinese. Reveal pinyin and English only when you need them.
English transcript reference
Today I want to talk about a house — a truly surreal one.
It sits in the heart of London's Knightsbridge, once dubbed Britain's most expensive mansion.
In early 2020 it sold for a staggering £210 million — roughly 2 billion yuan.
Yet this top-tier mansion now stands locked and empty, uninhabited for several years.
The reason it sits empty ties back to the earth-shaking collapse of Evergrande and Xu Jiayin.
First, the man himself.
Xu Jiayin rose from a poor rural village, building from nothing all the way to China's richest man.
His Evergrande was once among the nation's largest property giants.
Plainly put, Evergrande's business was buying land, building, selling — then using the proceeds to buy still more land.
In its most glorious years, Evergrande built countless projects and Xu Jiayin raked in fortunes.
It was at the peak of his wealth that he snapped up this London mansion.
Back then Xu Jiayin flew around on private jets, mingling in elite circles — the picture of prestige.
Just how lavish is this house?
It has 45 rooms, four elevators, and an indoor swimming pool.
The whole building has over a hundred windows, more than sixty facing London's famous Hyde Park.
The mansion has quite a pedigree — merged from several houses, with a two-story basement and approved plans to expand further.
For years it was a gold-standard name in London's top-end property market.
By any measure, it's the very top of the top.
But the good times didn't last.
What followed you've probably heard: Evergrande imploded.
Its debt was astronomical — over $300 billion at its peak — long past solvency and impossible to repay.
What does $300 billion even mean?
It's more than many countries earn in a whole year.
By 2024, Evergrande formally entered bankruptcy liquidation.
And the hardest hit in the collapse weren't Xu Jiayin, but countless ordinary homebuyers.
Many families emptied their savings on a down payment, only to see construction stall — a lifetime's earnings locked away.
Xu Jiayin didn't escape unscathed either; this year he admitted to multiple charges including financial fraud, and awaits final sentencing.
So the question is: who does this London mansion actually belong to now?
This is where things get murky.
The property isn't registered to Xu Jiayin, but held through an offshore company, with his wife Ding Yumei as ultimate beneficiary.
More delicately still, Ding holds Canadian citizenship, and back then she bought the house jointly with another Hong Kong tycoon.
Beyond this mansion, Ding reportedly holds dozens of London flats and Canadian property, worth several hundred million pounds.
Later still, Xu Jiayin and Ding Yumei divorced.
Outsiders widely suspect the divorce wasn't purely personal, but carried a whiff of shifting assets and slipping the net.
But whatever the intent, the real trouble began precisely with the divorce.
The current situation, in a word, is a deadlock.
On one end, Evergrande's liquidators are eager to cash in the asset to repay debt, but can't touch it.
On the other, Ding wants to sell and cash out, but the court froze the assets, so she can't sell either.
The two forces lock each other in place, leaving the house suspended in mid-air, beyond anyone's reach.
One year, two, three go by, and the house stays utterly empty.
But the most absurd part isn't even the empty house itself.
It's that, beneath its grand porch, a man has lived year-round.
He's a Swede, once a tech reporter, now with nothing to his name.
At the door of the world's priciest mansion, he built a crude shelter from a pile of umbrellas.
He jokingly calls this tiny patch his "pretend home and garden," and has stayed three years.
Go ahead and picture the scene.
One of the world's most expensive houses, hollow inside and gathering dust.
And at its door, a penniless ordinary man makes it his home.
As early as 2022 the house was relisted at £200 million, yet still found no buyer.
By rights, selling a priceless house to repay debt should be the natural thing to do.
Yet it's wedged in the cracks of ownership and citizenship, unable to budge.
From swaths of unfinished buildings back in China to this empty London mansion, Evergrande has left many messes behind.
And this priciest empty house is merely the most glaring — and most ironic — of them.
In the end, a house's plainest purpose is to be lived in.
Yet this so-called priciest mansion became the emptiest house of all.
On one side, the emptiness within; on the other, the stranger at the door who calls his umbrellas home.
That contrast of cold and warm is more moving than any number.
Evergrande's story is, in a way, a microcosm of two decades of Chinese real estate — build, borrow, build again, charging ahead until one day the machine could turn no more.
And this empty London house is like a single frame of those crazy years, frozen forever.
It stands frozen in London — a cold silhouette of Evergrande's great collapse, left in a foreign land.
Okay, that's where the story ends; see you next time.
Listen again
Try it without the transcript and notice what sounds clearer.
What vocabulary does this episode teach?
词汇A question. 那么问题来了 = so the question arises…
Ordinary. 无数普通购房者 = countless ordinary homebuyers.
Rural. 从贫困的农村白手起家 = built from nothing from a poor village.
Money. 用卖楼的钱再去拿地 = using the sale money to buy more land.
The world. 全球最贵豪宅 = the world’s priciest mansion.
A figure. 一个天文数字 = an astronomical figure.
Income. 比很多国家一整年的收入还多 = more than many countries’ yearly income.
A name. 登记的并不是许家印 = not registered under Xu Jiayin’s name.
A luxury mansion. 全英国最贵的豪宅 = Britain’s most expensive mansion.
Real estate. 全国最大的房地产巨头之一 = one of the largest property giants.
Debt. 它欠下的债务是天文数字 = its debt was astronomical.
Bankruptcy. 正式进入破产清算 = formally entered bankruptcy liquidation.
Liquidation. 恒大的清算方 = Evergrande’s liquidators.
To divorce. 真正的麻烦从离婚开始 = the real trouble began with the divorce.
To freeze. 法院冻结了相关资产 = the court froze the assets.
Assets. 把资产变现去还债 = cash in the asset to repay debt.
* beyond level超纲词
What grammar patterns appear in this episode?
语法正是...(的时候)
"It was precisely… (that)…" — emphatic focus on time/circumstance.
正是在身家最巅峰的时候,他买下了这栋豪宅。
无论...如何 / 不管怎么说
"No matter how / regardless" — the result holds either way.
但无论初衷如何,真正的麻烦从离婚开始。
一头...另一头...
"On one end… on the other end…" — frames a two-sided deadlock.
一头是恒大的清算方,另一头是丁玉梅。
Proper Nouns
专有名词Free account
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