When the temperature drops to freezing in a country of almost 1.4 billion people, the power needed to keep the population warm soars. That’s one of the main reasons China’s northern cities have spent much of the past month choking on smoggy, toxic air. Particulate concentrations in areas north of Shanghai that once qualified for state heating subsidies and …

  It’s hardly a happy new year for Alibaba Group Holding Ltd. Just before Christmas, the US Trade Representative added Alibaba’s Taobao e-commerce site to a list of “notorious markets” that traffic in counterfeits. That’s an unseemly place for a publicly held company: Other members include a Chinese shopping mall that specializes in counterfeit leather goods and a Paraguayan border …

  Bloomberg Faraday Future staked its claim to the world’s fastest electric car with its FF91 production model, showing footage of it outracing Tesla Motors Inc.’s Model S at CES (Consumer Electronic Show) in Las Vegas. The startup electric-car maker backed by Chinese billionaire Jia Yueting is counting on its debut offering to drum up support from investors, many of …