Residential floor space sold in China dropped by nearly 27 per cent last year, while real estate investment fell by 10 per cent, according to official numbers. Although Chinese regulators have announced new measures that allow banks to lend more to property developers, analysts warn that this benefits developers that are in a sound financial position. In contrast, little has been done to help property developers that face severe financial difficulties, or to deal with the problem of the millions of unfinished apartments. At the same, Chinese exports are falling sharply as global demand weakens. And that’s putting pressure on…