China Evergrande Group said it has resumed construction at most of its housing projects as authorities push the debt-laden developer to pay migrant workers and deliver apartments, Bloomberg News reported. Nearly 92% of Evergrande’s property projects have so far restarted, compared with just about 50% at the beginning of September, according to a company statement released Sunday night. The number of workers involved in the projects that have resumed building has risen 31% from September to 89,000.

China is seen adding stimulus to stabilize growth next year, with various ministries vowing more proactive measures to reverse the slowdown caused by a worsening property slump, weak consumption and the coronavirus, Bloomberg News reported. As downward pressure on the economy increases, China’s top leaders made ensuring stability their top priority for next year, telling all regions and ministries to share responsibility in achieving that goal. Heeding the call, the central bank pledged to pro-actively introduce monetary policies that are conducive to economic stability.

China Evergrande Group said it has resumed construction at most of its housing projects as authorities push the debt-laden developer to pay migrant workers and deliver apartments, Bloomberg News reported. Nearly 92% of Evergrande’s property projects have so far restarted, compared with just about 50% at the beginning of September, according to a company statement released Sunday night. The number of workers involved in the projects that have resumed building has risen 31% from September to 89,000.

China’s central bank pledged greater support for the real economy, and said it will make monetary policy more forward-looking and targeted Bloomberg News reported. There will be more “proactive” use of monetary policy tools, the People’s Bank of China said in a statement on Saturday. It added that there will be “good use” of the monetary policy tools’ quantitative and structural functions, referring to the adjustment of liquidity in the market and policies targeted at certain groups. The monetary policy committee held a meeting on Friday that was chaired by Governor Yi Gang.

This November, Chinese media reported that a 42-year-old restaurant owner in the central Henan province — who had made a name for himself by passing out free meals to medical workers — died by suicide after severe floods and yet another local outbreak of COVID-19 left his mired business hopelessly in debt, according to a commentary in Sixth Tone. That same month, a court in the southern megacity of Shenzhen made national headlines by approving a bankruptcy petition from a single mother and former small-business owner.