Chinese carmaker BYD Co. may be getting some bad news as it prepares to start selling in the U.S. next year. A planned reduction in government subsidies and a phase-out of interest-rate controls threaten to raise costs for it and thousands of companies across China.
Pollution in Beijing was stuck at unhealthy levels for the seventh straight day, prompting warnings for people to stay indoors as thick gray smog shrouded the capital a week before the annual meeting of China’s legislature.
U.S. President Barack Obama sought to keep up pressure for religious freedom on China as he met with the Dalai Lama, balanced with a desire to maintain a working relationship with the Asian superpower.
China will set up a 10 billion yuan ($1.65 billion) fund to reduce air pollution in the country’s largest cities, according to a release from a State Council meeting at which Premier Li Keqiang presided.
In China, there are only about 300 qualified physicians to treat more than 9 million dementia sufferers. The shortage is overwhelming families and threatening resources from an already stretched welfare system as the country ages.
Less than two decades after China fired missiles into the sea off Taiwan, the first formal meeting between the two sides’ governments may pave the way for discussion of political ties after 65 years of division.