China’s equity prices have recovered somewhat this month. Meanwhile, the renminbi has been allowed to appreciate at a faster pace.

The recent surge in the renminbi may have been an attempt by policymakers to lay the groundwork for a loosening of capital controls. But it has ended up demonstrating why such a move will be difficult...

Today’s data releases suggest that domestic demand remains weak despite a strong expansion in credit in recent months.

GDP figures for Q1 released today show growth in Hong Kong remained lacklustre in y/y terms, while in q/q terms the pace of expansion slowed sharply. Looking ahead, with global demand set to...