Despite widespread concerns about deflation, consumer price inflation has remained within a narrow (positive) range over the course of this year. With credit growth rebounding and wage growth...

A report today suggesting that all local governments may soon be allowed to auction off their fiscal deposits deserves more attention than it has received. Such a move would have important...

Three years on, there is no sign that China’s anti-corruption campaign is being eased, but its drag on economic growth is fading.

The IMF has just confirmed that the renminbi will be added to its SDR basket. Thismay be of symbolic significance to some but we think it will make hardly anydifference to currency demand. In other...