Unpaid by Evergrande, Supplier Sells Porsche and Home to Rescue His Business

Guo Hui, whose cleaning business is owed money by China Evergrande Group, reacts as he waits at a car dealership to sell his Porsche Cayenne in order to pay his debts, in Guangzhou, Guangdong province, China on Sept. 27, 2021. Aly Song/REUTERS

GUANGZHOU, China—Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy.

In the meantime, the 50-year-old known by friends and colleagues as “Brother Hui”, has sold his Porsche Cayenne and put his apartment on the market in a scramble to raise cash to pay debts and wages.