Moody’s Investors Service said funding challenges at India’s non-bank financing companies are increasing the risk of asset quality deterioration at banks, which are already saddled with the world’s worst bad-debt pile, Bloomberg News reported. Risks of loan losses at shadow financiers will weaken their financials, prompting banks to further reduce lending to them and worsening their funding stress, the ratings company said in a report dated Friday.

Indian Finance Minister Nirmala Sitharaman today introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code, the Times of India reported. The Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 was approved by the Union Cabinet yesterday. The amendments in the law seek to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will bering fenced from any risk of criminal proceedings for offenses committed by previous promoters of companies concerned.

China’s companies racked up some towering bills as they expanded, and the world’s investors and lenders rushed to offer them even more money. Now the bills are coming due, and a growing number of Chinese companies can’t pay up, in a sign that the world’s No. 2 economy is feeling the stress from its worst slowdown in nearly three decades, the New York Times reported.

Chinese leaders pledged stepped-up efforts to boost slowing growth, as they try to manage a downshift in a maturing economy and fallout from the trade war with the U.S., the Wall Street Journal reported. An economic blueprint, approved today by President Xi Jinping and other Chinese leaders at the end of an annual closed-door conclave, promised more fiscal and monetary measures with the aim of supporting everything from consumption to infrastructure investment and employment in the coming year—all to ensure that the growth rate will be kept stable.

Carlos Ghosn, the longtime head of Nissan Motor Co. and Renault SA, is preparing for the first of two trials in 2020 for what prosecutors and his former colleagues at Nissan call a pervasive pattern of financial misconduct and raiding of corporate resources for personal gain, Bloomberg BusinessWeek reported. He denies wrongdoing, saying that he’s the victim of a plot by Nissan executives and Japanese government officials to prevent further integration with Renault. A guilty verdict in either case could put the 65-year-old in a Japanese prison through the 2020s.