Premier Li Keqiang’s comments last week prioritising reform over stimulus have taken on added significance in the light of the weekend’s weak activity data. Policymakers are aware that efforts to...

We are sceptical of recent claims that productivity across China’s economy has started to fall. If it were true, we’d be slashing our medium-term growth forecasts. But the reality is not so dire.

After another month of stable inflation in August, we expect rising pork prices and utility price reforms to push inflation higher over the coming quarters. But easing pressure on housing costs, weak...

Reforms just agreed should drastically reduce off-budget borrowing by local governments and make it much easier to monitor the build-up of government debt. These moves are long overdue but the fact...