Beijing / Bloomberg China plans to more than triple solar power capacity by 2020 to as much as 143 gigawatts to help reduce carbon emissions. The country will add 15 to 20 gigawatts of photovoltaic power annually in the next five years, Nur Bekri, head of the National Energy Administration, said in a conference in Beijing on Monday. China accounted ...

Beijing / Bloomberg Alibaba Group Holding Ltd. sold 3 trillion yuan ($463 billion) of goods through its online shopping websites in the year ending March, as China’s largest e-commerce operator moved deeper into the untapped countryside and courted foreign brands. The company wants to bring in more quality non-Chinese goods and continue to increase its footprint in rural areas to ...

New Delhi / Bloomberg India just ushered in an interest-rate cut, via the backdoor. Although paying postal-savings depositors slightly less for their cash may appear a minor tweak, the move could end up having a bigger salutary effect on bank balance sheets, and the country’s nervous bond market, than the Reserve Bank of India’s 125 basis-point reduction since early 2015. ...