China’s policymakers finally seem willing to tackle the economy’s structural imbalances. This reduces the threat of an abrupt slowdown in GDP growth further down the line, but it also means that China...

Equity prices in Shanghai have fallen sharply since early June. The primary cause is the cash crunch in China’s interbank market rather than increasing concerns about Fed’s policy. Meanwhile, the...

There are some positives to be drawn from China’s cash crunch. The episode is arguably the strongest sign yet that the leadership is willing to suffer short-term economic pain if necessary to achieve...

Businesses remain relatively confident about the economy overall but, when it comes to their own situation, they have recently turned much more downbeat. Meanwhile, Chinese households are as reluctant...