Beijing regulators have eased pressure on China’s property developers by loosening credit controls and allowing more bonds to be issued.
But despite the moves to prevent the sector from collapsing, analysts and government advisers say the measures do not represent a retreat from president Xi Jinping’s crackdown on the sector.
Bond issuance by developers is resuming. Since 10 November, more than two dozen state-owned developers have announced plans to issue a combined $4.5bn of relatively low-interest debt instruments on the interbank market, which developers have traditionally had difficulty accessing.
