HONG KONG -- More than half of China's leading lenders reduced their exposure to the real estate sector last year, in a trend likely to exacerbate the cash squeeze for troubled developers.
China debt crunch
Half of big Chinese banks cut lending to property sector
Regional lenders face rise in bad loans as housing market slumps
Chinese authorities have ordered debt-mired China Evergrande Group to demolish 39 residential buildings under construction in Hainan Province. © Reuters
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