A slowing economy and a rumbling trade war are giving officials trying to tame China’s debt reason to be more selective about their targets, not to give up completely, Bloomberg News reported. Less than two years into the broad-based drive to contain credit growth, policy makers are now placing more emphasis on curbing debt at state firms and in parts of the property market. Meanwhile, the vise-grip that’s been causing contraction in the shadow banking sector and at local governments is being eased in the hope of preventing a sudden stop in the economy.

Recent optimism in China’s debt market will soon be put to the test, with investors able to demand early repayment for as much as 544.7 billion yuan ($80 billion) of debt by year-end, Bloomberg News reported. The amount of local bonds with put options that hit trigger points in the coming five months comes to almost 1.4 times the tally from January to July, according to data compiled by Bloomberg.

Is growing corporate debt a bubble waiting to burst? Globally, debt of non-financial corporations has grown by $29tn in the ten years since the financial crisis, nearly as much as the growth in government debt, the Financial Times reported. But while a market correction is likely, this growth is not as ominous as it might seem. Look no further than the bull market in corporate bonds that has emerged over the past decade. The shift to bond financing by companies is a welcome diversification in financial markets, giving large corporations an alternative to bank loans in financing.

Japan has, more or less, constantly been in the midst of the most radical monetary policy experiment in modern history since 2012, a Bloomberg View reported. Is it working? It probably depends who you ask.

Delays to the planned sale of Toshiba's NuGen nuclear project in Britain have prompted a review of the roles of 60 direct employees, who are mainly based in Manchester, raising further doubts over its future, the International New York Times reported on a Reuters story. The plant in Moorside, north-west England, was expected to provide around 7 percent of Britain's electricity when built, but has faced several setbacks after Toshiba's nuclear arm Westinghouse went bankrupt last year.

At dusk under a smoggy sky, in the heart of north-east China’s rust belt, workers in beige uniforms file out of Shenyang Machine Tool, a lossmaking state-owned enterprise that is a pillar of the regional economy, the Financial Times reported. It looks like the end of any day in the company’s 35-year history, but workers know the factory’s best days are behind it.

The head of one of India’s largest state-run banks says the government needs to ease its grip over the lenders or risk slowly killing off the sector, Bloomberg News reported. Tight government control makes it hard to attract talent or take the tough decisions needed to address the bad debts weighing down the banks, according to Ravi Venkatesan, the outgoing chairman of Bank of Baroda.

State-owned carrier Air India has sought 21.21 billion rupees ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday. Air India owes about 18 billion rupees to its vendors, including lessors and banks that have demanded payment from the beleaguered airline, after the government's unsuccessful efforts to find a buyer for its 76 percent stake, the International New York Times reported on a Reuters story.

Vijay Mallya’s Force India Formula One team has been put into administration after a court hearing in London on Friday, deputy principal Bob Fernley said. “An administrator was appointed by the court for Force India F1 this evening,” he confirmed to Reuters. The team’s chief operating officer Otmar Szafnauer told reporters earlier that the team might have to enter some form of administration before it could emerge on a sounder financial footing, Reuters reported.

Steve Eisman, who predicted the collapse of subprime mortgages before the 2008 financial crisis, is betting that Turkey’s economic troubles will also be a drag on two major European banks, Spain’s Banco Bilbao Vizcaya Argentaria SA and Italy’s UniCredit SpA, Bloomberg News reported. “Everybody likes me to call the next disaster," Eisman said in an interview with Bloomberg Television, before being asked about pockets of risk where he sees opportunities.