EDITORIAL

• Editorial: To Fix China’s Economy, Local Governments Must Change How They Compete

FINANCE

• Update: China’s New Credit Growth Hits Record High
• Pharmaceutical Firm Avoids Default as Guangdong Pressures Customers
• Ant Financial Buys British Payments Firm WorldFirst
• New High-Tech Board Stirs Hype Concern Among Regulators
• Another ‘Technical Default’ Adds to Concerns About China Inc.’s Debt

ECONOMY

• Update: China’s Factory Inflation Stalls
• Update: Rising Exports Drive China’s Trade Surplus Wider

BUSINESS & TECH

• Volkswagen China Partner’s Sales Plunge in January
• Alibaba Buys 7.8% Stake in Tencent-Backed Video Site Bilibili
• Fading Solar Subsidies Scorch Manufacturer’s Bottom Lines
• Chinese Tipplers Thumb Noses at French Wines
• Despite China’s Slowdown, Lithium Producers Likely to Charge Ahead