The initial policy response to the economy’s recent loss of momentum has been to cut interest rates. But on its own, this is unlikely to trigger a jump in household or corporate borrowing and spending...

Retail sales and fixed investment undershot expectations, and the property sector struggled. Industrial output improved slightly but is still fairly subdued. And although the labour market remained...

Broad credit growth slowed sharply in May and has now reversed almost all its reopening recovery. This poses a downside risk to growth and strengthens the case for additional policy support.

The PBOC has lowered its policy rates for the first time since last summer, reflecting growing concerns among policymakers about the health of China’s recovery. Friday’s State Council meeting...