Pledges by the People's Bank to end currency intervention are likely to crumble in the face of sustained pressure on the renminbi to appreciate. We think that China's central bank could accumulate...

China’s interbank rates have surged this week on the back of seasonal tightness in liquidity that has been compounded by uncertainty about policymakers’ intentions. But with the People’s Bank today...

Business sentiment about China’s broad economic outlook recovered this quarter but most firms remain downbeat about their own prospects. Bankers are relaxed about the current state of monetary policy...

There has been a rush of interesting data over the past couple of days suggesting that inflation pressures are low and domestic demand is faltering, though exports were less impressive than might...