President Xi this week made clear that faster productivity gains are central to his “high-quality development” agenda. Focusing on raising productivity is a good idea in principle but making it a...

Hong Kong’s growth picked up only marginally in Q4, underperforming most expectations. And although we foresee some further upside as foreign visitors and workers continue to return, we think the...

There were some gains in economic momentum at the start of 2024, at least judging by the modest rise in the PMIs. Admittedly, the survey readings are still depressed by historic standards, but this...

Large-scale liquidity injections have had little impact on economic activity recently and the upcoming RRR cut is likely to be no different. Quantitative monetary policy tools are ineffectual in an...