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Chinese property developers' financing tumbled more than 70% on year in January despite a series of positive signals sent by the government since the end of 2021 amid a sector-wide liquidity crisis.
According to China Index Academy, one of the largest independent real estate research firms in the country, Chinese developers' raised a total of 79.2 billion yuan of funding in January, slumping 70.3% from a year earlier, down for the 11th . . .
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