The official and Caixin PMIs have moved in opposite directions recently. But taken together, they point to some improvement in economic momentum in December thanks to gains in services and...

Although the Loan Prime Rates were left unchanged on Wednesday, today’s coordinated reductions in commercial bank deposit rates suggest the PBOC is still on an easing path. Meanwhile, a lower headline...

The main bright spot was a healthy pick-up in industrial output thanks to the strength in exports. Retail sales and fixed investment remained resilient. Meanwhile, troubles in the property sector...

Policymakers seem to believe that with a bit of stimulus and a turnaround in sentiment, the economy can get back on a stronger path. While there is some truth to this, we think that officials are...