We wouldn’t take this week’s pledge from the Politburo to tilt stimulus towards consumption at face value. The only concrete measures along these lines that have been announced recently have been more...

In its new urbanisation plan, China’s government is setting its targets low. The goal of reaching a 70% urbanisation rate in five years’ time could be met with far smaller increases in the urban...

The PMIs for July suggest that China’s economy weakened further last month, as domestic weakness continues to weigh on the economy. But the government now seems intent on ramping up policy support...