Chinese lawmakers have begun reviewing a draft revision to the Enterprise Bankruptcy Law, as part of efforts to improve the market exit system, Xinhau reported. The draft revision to the law was submitted on Monday to the ongoing session of the Standing Committee of the National People's Congress, for its first reading. The draft introduces a relatively comprehensive revision to the current law, with more than 160 provisions newly added or revised.

Foreign investors were already on the run from India’s stock markets even before President Trump declared economic war on India. But the two main stock indexes in Mumbai, India’s financial capital, are up 10 percent over the past six months. And they have barely budged since Mr. Trump’s 50 percent tariffs on India took full effect in late August. The reason: Indian investors keep pouring money into stocks as fast as foreigners are taking money out, providing a measure of relief for the country’s businesses and economy, the New York Times reported.

The Japanese economy grew at a faster pace than initially estimated in the second quarter, revised data showed, confirming a fifth straight quarter of growth, the Wall Street Journal reported. Real gross domestic product expanded 2.2% on an annualized basis in the April-June period, according to official figures released Monday. That compared with preliminary estimates of 1.0%. On a quarterly basis, the economy grew 0.5%.

China’s exports grew at a slower-than-expected pace last month as the boost from a trade truce with the U.S. waned, the Wall Street Journal reported. Outbound shipments rose 4.4% from a year earlier in August, down from a 7.2% increase in July, the General Administration of Customs said Monday. Chinese imports climbed 1.3% during the month, according to the customs bureau. That compared with July’s 4.1% increase and the 1.8% rise expected by the economists surveyed.

Vedanta Group has won the bid for acquisition of troubled business Jaiprakash Associates (JAL), with an offer of ₹17,000 crore, beating out the Adani Group, PTI reported on September 5, citing sources, LiveMint.com reported. The mining conglomerate's ₹17,000 crore comes as JAL is undergoing insolvency proceedings after it defaulted on payment of loans. The bid value translates into JAL's net present value of ₹12,505 crore, the report added.

China's investors borrowed a record $322 billion to buy stocks this year, but sharp corrections this week and heightened regulatory scrutiny to cool overheated markets are now making them jittery about the leveraged bets, Reuters reported. While risks for China's broader financial system have been elevated for months due to deflation in the economy and a persistent property debt crisis, the stock investors' recent actions could add more pressure. Outstanding margin financing in China, a key gauge of sentiment and leverage level, hit a record 2.3 trillion yuan ($321.55 billion) this week.

President Donald Trump gave Japanese automakers some relief by cutting his high U.S. tariffs on their vehicles, but the reduced levies still mean big pain for Japan's smaller car companies, which will stay under pressure in the crucial market, Reuters reported. After months of diplomacy, Trump signed an order on Thursday cutting U.S. tariffs on imported Japanese autos to 15% from 27.5%, a rare bit of good news for Japan's critical industry, which relies on the United States as its top market.