Five years after Evergrande's collapse reshaped China's economic landscape, regulators have chosen disruption over patience, mandating a structural shift toward completed-home sales that places new burdens on an industry still learning to walk again. The August 28 notice arrived not as a rescue but as a reckoning — a signal that Beijing is willing to endure further turbulence in pursuit of a property market built on firmer ground. In the space between protecting future homebuyers and sustaining present developers, China's authorities have drawn a line, and the sector must now find its footing