China's troubled property companies face a tough first quarter, as they have to pay back a record amount of offshore bonds while new home sales are depressed and finding financing remains a challenge, analysts say.
Caixin
China property companies face major debt squeeze in Q1
Policy easing is yet to have an impact as sales remain low
Under-construction apartments in the Shekou area of Shenzhen, China. In the first 19 days of January, average daily new home sales in 50 major cities dropped 26.8% year-on-year, analysts say. © Reuters
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