Chinese property developers' fundraising slumped at fastest pace this year in October

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Chinese property developers' fundraising slumped at the fastest pace this year in October, even after the government urged financial institutions to meet the real estate sector's reasonable funding needs.

Property developers raised a total 36.5 billion yuan of funding in October, slumping 74.8% from a year earlier and falling by 60% from the previous month, both the fastest drops this year, according to data from the China Index Academy, one of the . . .

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