The Ministry of Finance is pushing back against calls to loosen policy. It may have little choice but to oblige, however, if headwinds to growth intensify in the coming quarters as we expect.

The detailed breakdown of China’s Q2 GDP data released today points toward resilient service sector activity last quarter, with the booming IT sector more than offsetting a slowdown in retail spending...

The release of disappointing credit data a month ago catalysed a deterioration in sentiment about China’s economy. Today’s even weaker figures will only add to those concerns, with the early signs...

China has more to lose economically from a trade war than the US. But the damage as the Trump administration expands tariffs will be mitigated by China’s high market share in many of the targeted...