Jan 19 (Reuters) - Chinese real estate developers are staring at enormous amounts of debt maturing this year, at a time when property sales have slowed and traditional borrowing markets remain closed off following Beijing"s campaign to rein in borrowing in the sector. According to Refinitiv data, Chinese real estate developers have $117 billion worth of debt maturing in 2022, with $36 billion of those denominated in dollars. Reuters Graphics Reuters Graphics Developers in the country are facing an unprecedented liquidity squeeze as years of regulatory curbs on borrowing lead to a string of offshore debt defaults and credit rating downgrades. The slowdown in the sector further pressured developers, with property investments in December falling at the fastest pace since early-2020, clouding the country"s outlook despite a robust headline economic growth figure. read more China Evergrande Group (3333.HK) has been struggling to repay more than $300 billion in liabilities, including nearly $20 billion of offshore bonds deemed in cross-default by ratings agencies last month after it missed payments. read more Their worsening credit conditions have hit equity and bond prices of even the largest developers in recent months. A 3.125% October 2025 bond issued by China"s biggest developer by sales, Country Garden (2007.HK), has fallen about 17% this year to 73 cents as of Tuesday. According to Refinitiv data, the developers face debts worth $27 billion coming due in the first quarter of this year, and $31 billion in the second quarter. Reuters Graphics Reuters Graphics Kaisa Group Holdings (1638.HK), Guangzhou R&F Properties Co Ltd (2777.HK) and Yunnan Health & Cultural Tourism Holding Group Co Ltd were among the developers having at least $2 billion worth of debt maturing this year, topping the list. Reuters Graphics Reuters Graphics Evergrande narrowly avoided a technical default on an onshore yuan bond earlier this month after bondholders agreed to extend a payment date. Beijing is expected to soften its attempts to purge the property sector as top leaders prioritise stability and shoring up growth in 2022. read more