The PBOC has lowered its short-term policy rate for the first time since last summer, in line with our expectation for a cut this quarter. Its efforts to prevent long-term yields from falling...

The detailed breakdown of Q2’s weaker-than-expected GDP figures point to a broad-based slowdown in almost all parts of the service sector, leaving growth increasingly dependent on industry. The Third...

China’s leadership has promised to continue comprehensively deepening reform in a wide range of areas. But there are few signs that the just concluded Third Plenum marks a major change in the...

Weaker-than-expected official GDP figures show that China’s economy lost momentum in Q2. But we doubt this marks the beginning of a renewed downturn just yet – a step up in fiscal stimulus and...