This photo shows an aerial view of an abandoned Evergrande construction project in Yingquan District, Fuyang City, in China's eastern Anhui province, on April 14, 2026. The founder of Chinese property giant Evergrande has pleaded guilty to charges of fraud and bribery, a court said on April 14, the latest blow for what was once the country's leading developer. (Photo by CN-STR / AFP via Getty Images) / China OUT

Vinci chief executive Xavier Huillard (C) addresses shareholders during the general meeting of infrastructure group Vinci in Paris on April 14, 2026. (Photo by Ludovic MARIN / AFP via Getty Images)

This photograph shows the industrial site of Fibre Excellence in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

This photograph shows the industrial site of Fibre Excellence in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

This photograph shows the industrial site of Fibre Excellence in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

Workers gather for a demonstration at the industrial site of Fibre Excellence Group in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced on April 13, 2026 that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

This photograph shows the logo of Fibre Excellence at the entrance of the industrial site in Tarascon, south-eastern France on April 14, 2026, as two sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)

Workers gather at the the industrial site of Fibre Excellence Group in Tarascon, south-eastern France on April 14, 2026, as two Fibre Excellence Group' sites in Tarascon and Saint-Gaudens face closure. The Fibre Excellence Group, a pulp paper producer, has announced on April 13, 2026 that it will declare itself insolvent, but "remains convinced that a solution is still possible" for its future, based on progress made in discussions with the state. (Photo by Thibaud MORITZ / AFP via Getty Images)