Today’s sharp move in the renminbi underlines the extent to which policymakers are keen to prevent the emergence of strong speculative pressures on the currency.

The usual pattern around Chinese New Year is for inflation to rise sharply either in January or February and fall in the other month. This year, we think inflation will have picked up in both. And...

The renminbi has now reversed all of its losses against the dollar since the day of the botched exchange rate reform in August 2015. We remain upbeat about the currency’s medium-term prospects but...

Although they have fallen in the last couple of days, Chinese equities are still up sharply this year so far. The renminbi has also appreciated against the US dollar, taking it back to where it was...