Bond investors wary of China property market

Investors have cited concerns about the impact a weakening renminbi might have on the growing amount of US dollar debt being issued by Chinese property firms amid a market slowdown. In the seven months to this July, Chinese property firms issued $8.6 billion of investment grade bonds in dollars, more than double the $3.3 billion they issued over the same period in 2013, according to Dealogic. The number of cities in which residential property prices have fallen increased to 64 o…