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China debt crunch

China real estate sector's yuan bond issuance comes roaring back

Authorities signal looser credit to keep housing projects from going bust

The headquarters of debt-laden China Evergrande Group in Shenzhen. Dollar-denominated bond issuance by Chinese real estate companies remains all but frozen.   © Reuters

SHANGHAI -- Chinese real estate companies more than tripled their issuances of yuan-denominated bonds in November compared with the previous month, new data shows, as authorities took a more forward role in tamping down public unrest over housing.

Real estate companies floated 35.6 billion yuan ($5.59 billion) worth of debt last month, according to data firm Wind, or 3.1 times the October value. The number of offerings was 2.9 times higher at 32.

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