Bloomberg China will soon unveil a mandatory cap-and-trade credit programme for electric cars, starting the countdown for carmakers to be in compliance with stricter rules on emissions and fuel economy, according to the country’s state-backed auto association. The policy may be announced as early as this week, Shi Jianhua, deputy secretary general of the China Association of Automobile Manufacturers, said …

Bloomberg Chengdu, the capital of southwest China’s Sichuan province, reclaimed the top spot in a Milken Institute ranking of the country’s best-performing big cities. Nearby Chongqing climbed to second place, while Guiyang, the capital of China’s poor-but-fast- growing Guizhou province, fell to third from first, according to a report released on Monday by the Santa Monica, California-based think tank founded …

Bloomberg Hong Kong billionaire Li Ka-shing agreed to buy an indirect stake in a Japanese maker of electric cars, expanding his investments in an area that’s set to benefit from China’s push to phase out gasoline and diesel vehicles. Li and two other investors are buying a stake in O Luxe Holdings Ltd., according to two company filings made in …