China may be on the cusp of again widening the renminbi’s trading band with the dollar. The lesson of previous similar moves is that they have next to no impact on the medium-term path of the currency...

While the support to growth last quarter from surging equity turnover and rebounding property sales will fade before long, we think that policy support will help limit the downside risks to growth.

China’s statistics bureau responded today to our argument that glitches in the way it calculates GDP have caused it to overstate growth in recent quarters. It has not laid our doubts to rest.

Q2’s stronger-than-consensus GDP growth partly reflects an unsustainable surge in financial sector activity that will prove short-lived. Even so, there are plenty of positive signs on broader economic...