The deepening debt crisis at Chinese developers like Evergrande Group, along with Beijing’s efforts to rein in property speculation, has stifled housing demand and hit the country’s economy. The output from the real estate sector fell 2.9 percent year-on-year in the fourth quarter, according to a supplemental report from the National Bureau of Statistics (NBS) on the country’s GDP. The construction sector also saw its output decline by 2.1 percent during the same period. Those two sectors account for 14 percent of China’s national GDP. China’s property market slowdown has affected developers’ sales, property investments, new construction starts, land purchases, and financing. The problems in December were particularly acute, even after the Chinese regime’s efforts to ease some funding restrictions for the sector in an attempt to stabilize the economy. The country’s entire GDP expanded 4 percent last quarter, growing at the weakest pace for more than a year, NBS data showed. “Risks …