Chinese developers may report a 30% year-on-year decline in first-half earnings due this month, which will likely weigh on sentiment, according to JPMorgan Chase & Co. analysts. “No one is immune” amid the industry turmoil and investors’ concerns about the liquidity of most private developers are set to linger, analysts including Karl Chan wrote in a note Sunday, as they downgraded developers including CIFI Holdings Group Co. and KWG Group Holdings Ltd. At least $90 billion has been wiped out in China’s real-estate stocks and dollar bonds this year, and a bursting housing bubble and an intensifying debt crisis threaten to inflict even more pain. Pessimism has deepened after Beijing signaled that homeowners, not builders, will be the priority in the authorities’ efforts to stabilize China’s slumping housing market. Most developers’ shares tracked a decline in the broader market on Monday. A Bloomberg Intelligence gauge of builders fell as […]