Bloomberg China’s electric-vehicle battery sector is set for a brutal reshuffle as the government reforms subsidies to meet the more exacting technological demands of next-generation transport, according to Sanford C. Bernstein & Co. China built massive new battery capacity in recent years, aided by generous government support, creating industry heavyweights Contemporary Amperex Technology Ltd. and the Warren Buffett-backed BYD Co. ...

Bloomberg Akzo Nobel NV’s growth in China stuttered as Europe’s biggest coatings maker opted to push through higher prices for household paint at the expense of losing some customers. “After really sharp growth in China, we made a more deliberate choice to hit the pause button on growth,” Chief Executive Officer Thierry Vanlancker said on a media call. That led ...

Bloomberg South Korea has trimmed its economic growth forecasts for this year, citing rising global trade tensions and a slump in facilities investment. Asia’s fourth-largest economy is expected to grow 2.9 percent in 2018, versus an earlier forecast of 3 percent, the finance ministry said on Wednesday. The economy grew 3.1 percent in 2017. “Exports excluding semiconductors are stagnant and ...