New bank lending in China jumped less than expected in November, even as the central bank keeps policy accommodative to support a feeble recovery in the world's second-largest economy, Reuters reported. The People's Bank of China (PBOC) is expected to deliver more modest policy easing in the coming weeks, following a pledge this week by top leaders to step up policy adjustments to support the economic recovery in 2024, analysts said.

Australian home prices just hit a high in what was already one of the world’s most expensive real-estate markets. Now, Australian officials say they have a plan that will help to make housing more affordable: curtailing migration, the Wall Street Journal reported. A new policy, unveiled this week, will result in a 14% reduction in migrants over the next four years than would otherwise be expected, according to government forecasts.

Country Garden Holdings Co., the Chinese builder whose liquidity crunch shook the nation’s financial markets, is likely to avoid its first default on yuan bonds after most holders of a local note agreed not to demand repayment this week, Bloomberg News reported. The Shenzhen Stock Exchange met last week with some holders of the 800 million yuan ($111.5 million) security to seek such an outcome. The bond has a put option Dec. 13 that allows investors to demand repayment before maturity next year.

China’s top leaders including President Xi Jinping vowed to make industrial policy their top economic priority for next year, a message likely to disappoint investors hoping for an emphasis on stimulus, Bloomberg News reported. A readout of the annual economic work conference stressed the use of “technological innovation to lead the construction of a modern industrial system.” It also called to “vigorously” develop the digital economy and the artificial intelligence sector.

Myanmar's economy is forecast to grow only 1% in the fiscal year that ends in March, the World Bank says, as conditions deteriorate with an escalation in fighting between the military and its opponents that has newly displaced more than 500,000 people, the Associated Press reported. Intensified fighting near Myanmar's border with China has blocked trade routes, causing shortages of food and other necessities and worsening inflation that was already near 30%, the World Bank said in a report Tuesday.

India is preparing an enabling provision for a compact and largely informal bankruptcy settlement process for faster resolution for large firms under the over-arching Insolvency and Bankruptcy Code (IBC), on the lines of the one available for micro, small, and medium enterprises (MSMEs), the Economic Times reported.

China's leaders started a closed-door meeting on Monday to discuss economic targets and map out stimulus plans for 2024, Reuters reported. The annual Central Economic Work Conference, during which President Xi Jinping and other top officials chart the course for the world's second-largest economy next year, is likely to end on Tuesday.

China will spur domestic demand and consolidate and enhance the economic recovery in 2024, the Politburo, a top decision-making body of the ruling Communist Party, was quoted by state media as saying on Friday, Reuters reported. The government has in recent months unveiled a flurry of measures to shore up a feeble post-pandemic economic recovery that has been held back by a property crisis, local government debt risks, slow global growth and geopolitical tensions.

National Asset Reconstruction Company (NARCL) has acquired two SREI companies – SREI Equipment Finance and SREI Infrastructure Finance – under the Insolvency and Bankruptcy Code, 2016 (IBC). The documents for the transaction were signed on Friday, the Business Standard reported.

Self-driving trucking company TuSimple Holdings said on Monday that it is winding down its U.S. business, reducing its workforce to about 30 people as it looks for a buyer for its assets that remain in the country, the Wall Street Journal reported. The demise of TuSimple’s U.S. operations marks a precipitous fall for the one-time leader in autonomous long-haul trucking. The San Diego-based company in the past year has had to grapple with safety concerns as well as government scrutiny of its dealings with a Chinese trucking startup.