In recent months, Chinese policymakers have stressed repeatedly that employment growth, rather than rapid GDP growth, is their number one priority. This has led to speculation about how fast the...

After large-scale intervention succeeded in weakening the renminbi and rattling many investors, there are tentative signs that the People’s Bank is now trying to introduce some stability.

Outbound tourism is becoming an important factor in China’s international payments balance, contributing to a deficit in services trade that is partially offsetting the goods trade surplus.

Yesterday’s targeted cut in the reserve requirement ratio should not be read as a signal of a broader shift towards monetary loosening. The last thing that policymakers want to see is another credit...