With thousands of pro-democracy protestors blockading the streets of Hong Kong’s main business district, the territory’s political crisis is showing no sign of dying down. The economy, which is...

People’s Bank Governor Zhou Xiaochuan is once again rumoured to be on the verge of being replaced. We are sceptical of suggestions that Mr Zhou has lost out in a power struggle. A new governor might...

Perhaps the most notable development in today’s quarterly surveys from the People’s Bank is the sharp drop in reported loan demand but there are some more positive developments too. Firms report...

The general impression seems to be that the latest liquidity injections by the People’s Bank are a form of stealth stimulus. But these are in fact run-of-the-mill operations designed to smooth...