Bloomberg Beijing municipal government ordered more than 1,200 factories in the printing, construction materials and petrochemical industries citywide to either suspend or cut output after earlier issuing this year’s first red alert warning for severely high levels of air pollution. Under a contingency plan for severe air pollution, the city shut down more than 700 plants with production procedures ...

  Bloomberg China must do more to deflate a property bubble that expanded this year by “strictly” controlling speculation while also stepping up the fight to rein in excessive corporate borrowing, a top economic official said a day after leaders announced plans for next year. “We need to give a higher priority to preventing and controlling financial risks,” Yang Weimin, ...

  Bloomberg Wangxiang Group, the owner of Karma Automotive, became the second auto-parts maker to receive permission from the nation’s top economic planner to produce electric cars under a special scheme to encourage companies outside auto manufacturing to develop new-energy vehicles. Founded by Chinese billionaire Lu Guanqiu, Wanxiang Group got approval from the National Development and Reform Commission to invest ...