Bloomberg Xie Shuijuan, a lifelong textile seller in Shaoxing, eastern China, says a clampdown by zealous officials on pollution caused by the local dyeing industry has boosted prices, squeezed her margins, and bankrupted some of her friends. Yet she’s not opposed. “This river used to smell in the summer and garbage floated on the surface,” Xie said, sitting in her …

Bloomberg China’s drive to dominate the electric-vehicle market has claimed another overseas target. When Japanese electric-vehicle startup GLM Co. needed more funding to put its high-end sports car into production, domestic backers couldn’t muster the financing. The search for an investor ended this week, when a Hong Kong-based investment company called O Luxe Holdings agreed to purchase the firm for …

Bloomberg Toshiba Corp., whose sale of its chip unit is being challenged in court by manufacturing partner Western Digital Corp., agreed to hold off closing the deal until a hearing on July 28. Toshiba will proceed with negotiations and contract signing in the meantime, the Tokyo-based company said in a statement. The two companies were in court in the US …