Bloomberg China is expanding its generic drug-procurement programme to include an additional 33 drugs, pitting domestic and international drugmakers in a price war that could see Chinese players dominate. Less than three months after China went nationwide with a pilot bulk-buying programme for 25 medicines, the government on Sunday announced a second batch of 33 drugs treating everything from diabetes ...

Bloomberg Tesla Inc secured a tax break in China hours before the delivery of its first locally built cars, marking a major milestone for Elon Musk’s company as it pushes to expand in the world’s largest electric-vehicle market. The China-built Model 3 was included on a list of vehicles qualifying for an exemption from a 10% purchase tax in the ...

Bloomberg India may roil the global sugar market again as prospects for next year’s cane crop have brightened due to brimming reservoirs. Bountiful monsoon rains this year have led to above average water levels in reservoirs, which will in turn boost the amount of sugar cane that’s planted, according to industry and Indian government officials. Sugar output in the country ...