Last month’s directive to boost infrastructure spending appears to have had an immediate result, with data this week showing a surge in issuance of infrastructure financing bonds. But easing remains a...

Trump and Xi will meet tomorrow and may agree to hold off imposing new tariffs for the time being. While this would be a positive outcome for China’s economy and markets in the short-run, any gains...

The People’s Bank has pushed down overnight interbank rates to multi-year lows. This is partly a response to market jitters following the Baoshang Bank takeover and may partially reverse in the coming...

In a Focus last month, we discussed what we see as the most plausible hard landing scenario for China: troubles at a small bank that spread to the interbank market and trigger a systemic banking...