A seasonal slide in vegetable prices that should prove short-lived may have pulled inflation down in May. But the bigger picture is that underlying price pressures appear to have picked up. We expect...

Flaws in how China’s GDP data are calculated exaggerated both the downward pressure on prices in the first quarter and the rate at which the economy is growing.

This month ended with a crash on China’s stock markets. But if the equity bubble of 2007 is any guide, this may not be the end of the speculative rally.

The failure of policy loosening over the past six months to stimulate an economic rebound has led some to suggest that elevated real interest rates or oppressive debt burdens are hobbling corporate...