Premier Li spoke to the press at the close of the National People’s Congress (NPC) today. He offered further details on the timing and scale of policy support – smaller than in previous cycles but...

There is a tension between the policy stimulus announced this week at the National People’s Congress and the government’s goal of keeping the debt ratio stable. Ultimately, we expect officials to err...

The key takeaway from today’s policy announcements at the opening of the National People’s Congress is that the leadership are still trying to balance efforts to support growth with concerns about...

Policymakers are already billing the deleveraging campaign a success. But we doubt that the recent stabilisation of the debt ratio will prove durable. Meanwhile, Chinese equity prices have jumped...