China’s leadership has promised to continue comprehensively deepening reform in a wide range of areas. But there are few signs that the just concluded Third Plenum marks a major change in the...

Weaker-than-expected official GDP figures show that China’s economy lost momentum in Q2. But we doubt this marks the beginning of a renewed downturn just yet – a step up in fiscal stimulus and...

The PBOC’s expanded open market operations effectively narrow the interest rate corridor for short-term interbank rates. This won’t have any immediate consequences for monetary conditions. But it does...

Both bank loan and broad credit growth hit a record low in June. While further fiscal loosening may provide some support to credit growth in the near-term, the continued weakness of the property...