Sunshine 100 China Holdings issues update on 10.5% senior notes due 2021, with outstanding principal amount of notes and any accrued but unpaid interest due on Dec. 5, according to a filing, Bloomberg News reported.

China’s central bank said it would reduce the amount of money banks are required to set aside as it moved to stimulate a slowing economy that has been weighed down by a slump in the property market, the Wall Street Journal reported. It was the second such move this year, after an earlier one in July, in an effort to inject liquidity into the financial system. The measure signals Beijing’s growing concerns about the growth outlook of the world’s second-largest economy, which has been battered in recent months by multiple headwinds.

A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” — sending regulators scrambling to reassure investors that China’s financial markets can be protected from a potential impact, the Associated Press reported. Evergrande Group’s struggle to comply with official pressure to reduce debt has fueled anxiety that a possible default might trigger a financial crisis. Economists say global markets are unlikely to be affected but banks and bondholders might suffer because Beijing wants to avoid a bailout.

Advisers to China's government will recommend authorities set a 2022 economic growth target below the one set for 2021, giving policymakers more room to push structural reforms amid growing challenges to the outlook, Reuters reported. Investors are closely watching for clues on next year's policy and reform agenda as President Xi Jinping and other top leaders hold the annual Central Economic Work Conference due this month.

The European Union will seek to mobilize 300 billion euros ($340 billion) in public and private infrastructure investments by 2027 to offer developing countries an alternative to China’s massive Belt and Road program, Bloomberg News reported. The EU’s “Global Gateway” project unveiled on Wednesday outlines spending on digital, transport, energy and health projects. And while the proposal doesn’t mention China directly, it offers a counter to Beijing’s overseas development plan that critics say has pushed countries to unsustainable levels of indebtedness.

China’s property boom has spawned numerous developers that, like industry giant China Evergrande Group, borrowed heavily to fund breakneck growth. Now they are inflicting unprecedented losses on international investors as credit grows scarce and sales of new homes decline, the Wall Street Journal reported. Investors have dumped their bonds, setting off alarms over the companies’ finances. While Evergrande so far has been able to cobble together funds to make last-minute bond payments, at least four developers have reneged on their dollar bonds since early October.

China’s stressed developers face nearly $1.3 billion of bond payments in December, after a month in which investor sentiment toward the property sector showed signs of stabilizing despite fresh signs of liquidity pressure, Bloomberg News reported. The total was $2 billion in November, and there have been no defaults reported according to Bloomberg-compiled data as of Friday, after multiple instances in October. Still, investor scrutiny persists regarding principal and interest payments as a cash crunch engulfs the real estate industry.

Ant Group Co. has started making it clear to customers if they are borrowing from outside lenders or from the company itself, as Jack Ma’s financial-technology giant continues to fall in line with Chinese regulations, the Wall Street Journal reported. Before its wings were clipped by Beijing, Ant, via its payment and lifestyle app Alipay, offered consumer-credit services that were widely popular among Chinese consumers and small businesses.

A resurgence of COVID-19 infections in northern China have forced two small cities to suspend public transport and tighten control over residents' movement, as the country has showed no willingness to go easy on local outbreaks, Reuters reported. China reported 21 new locally transmitted COVID-19 cases with confirmed symptoms on Sunday, official data showed on Monday, marking the highest daily count since mid-November. Almost all of the new local cases were detected in the northern Chinese region of Inner Mongolia.

China’s marked economic slowdown in the second half of the year is testing the central bank’s policy mettle and dividing economists over whether more aggressive action is needed to avoid a deeper downturn, Bloomberg News reported. The People’s Bank of China is having to juggle multiple economic risks, pulling policy in different directions. Growth is heading for lows not seen since 1990 -- if last year’s pandemic year is excluded -- factory-gate inflation is soaring, while the currency is rallying on the back of record trade surpluses. On top of that, the U.S.