The Wall Street Journal China’s ‘Cash-for-Clunkers’ Underlines Need for Structural Reform — A major shopping holiday—“618” —is around the corner. AstraZeneca Enters Deal With CSPC Pharma Valued at Up to $5.33 Billion — The collaboration boosts AstraZeneca’s presence in China. Chinese AC & Heat Tech Company Plans $1 Billion IPO in Hong Kong — The company has entered into cornerstone investor agreements for as much as 57.7% of the shares on offer. Chinese AI