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 the new year, according to the report citing data from China Index Academy, a research institute specializing in real estate. The cash-strapped real estate sector’s funding fell for the 11th straight month in January, underlining investors’ persistent cautions. In comparison, property companies raised 266 billion yuan ($41.8 billion) in January 2021, and 224 billion yuan ($35.2 billion) in the same period of 2020. Declining funding adds to the pressures on developers, who face nearly 1 trillion yuan ($157 billion) in repayment obligations this year, according to Beike Research Institute, with more than 100 billion yuan ($15.7 billion) in …