The decline in the RatingDog services PMI adds to evidence that the economy continued to lose some momentum last month, with slower growth across both manufacturing and services. We expect growth to...

Vanke's plan to delay repayment of an onshore bond points to fading state support for non-SOE developers. The risk this poses to financial stability is probably manageable. But it threatens to...

Policymakers are mulling a new property stimulus package, including mortgage subsidies for new homebuyers. But this is unlikely to revive demand, as most households remain reluctant to buy in a...

As the tailwind from fiscal loosening diminishes, the case for more monetary support will increase. And while the PBOC’s latest policy report flags narrowing bank margins as a concern, this may...