Bloomberg Bloom Energy Corp, the Kleiner Perkins Caufield & Byers-backed maker of fuel-cell power systems, climbed on its first day of trading after pricing a rare alternative-energy IPO. The shares rose 47 percent to $22.10 in New York, giving the company a market value of about $2.34 billion. Bloom Energy sold 18 million shares for $15 apiece after marketing the …

Bloomberg China’s solar power sector should strive to cut costs and improve quality, said a top industry group seeking to restore confidence in the world’s largest market as recent policy moves in Beijing straddle producers with shrinking demand and tumbling prices. The industry is moving away from rapid capacity expansions and suppliers should not expect sector to grow every year, …

Bloomberg China used to rail against the outsize role of the US dollar. But in a major turnaround, the world’s second-biggest economy has started embracing the currency of its larger rival. Chinese companies and banks—and even the government—sold bonds denominated in dollars at a record pace last year, and underwriters expect that growth to continue for years. The roughly half-trillion-dollar …