China’s developers continue to face a liquidity crunch, with fundraising across all channels down 70 percent year over year in January, reported state-run media China News network. Capital raised by the property industry through selling domestic and international bonds, trust loans, and asset-backed securities totaled 79 billion yuan ($12.4 billion) in January, as uneasy sentiment extended into…

HONG KONG/SHANGHAI—China Evergrande Group on Thursday secured a crucial approval from onshore bondholders to delay payments on one of its bonds, as other cash-strapped developers also scrambled to negotiate new terms with creditors to avoid defaults. Struggling with more than $300 billion in liabilities, sector giant Evergrande was seeking more time for bond coupon and…