A further rise in producer price inflation, which probably hit a fresh five year high in January, is likely to fuel concerns about a pick-up in broad price pressures this year. But we think consumer...

The People’s Bank has raised the interest rate that it charges when providing funds in China’s repo market. This is the clearest evidence so far that monetary policy is being tightened and that...

The renminbi appreciated against the US currency this month for the first time since October, helped by a tightening of capital controls. But in trade-weighted terms, the Chinese currency has been...

China’s current account surplus is no longer unusually large. But its surplus in traded goods is substantial, particularly relative to the size of the global economy, and the bilateral imbalance with...