The value of China’s foreign exchange reserves fell by 10% in 2016 as the People’s Bank fought to prevent a disorderly decline in the renminbi. With the level of reserves still well above most...

The year has started with another wave of stories about capital flooding out of China, alongside an unusually sharp strengthening of the renminbi. The currency gain over the past couple of days was...

China is ending 2016 on a stronger footing economically but with growing strains in its financial markets. A slight tightening of monetary conditions has snowballed into a bond market sell-off, with...

Despite widespread concerns about deflation at the start of this year, consumer price inflation has averaged 2% in the first ten months of 2016, up from 1.4% in 2015. We expect headline inflation to...