The opening day of the National People’s Congress leaves us upbeat that the government will push ahead with reforms and make further progress in rebalancing the economy away from investment, even if...

The People's Bank has cut benchmark rates in order to help some indebted firms cope with the rise in real borrowing costs that has resulted from lower inflation. But the central bank still appears to...

The unveiling of a new, lower GDP growth target at the National People’s Congress would be an encouraging sign that the government is facing up to the continued slowdown in China’s sustainable rate of...

Market interest rates rose over the past month despite a required reserve ratio cut and repeated liquidity injections by the People’s Bank. We expect conditions to ease in coming weeks as demand for...