The divergence between China’s two manufacturing PMIs for March, released over the weekend, largely reflects the seasonal strength and perhaps a bias towards larger firms in the official index. On...

The next major reform in China’s exchange rate policy is likely to be a widening of the renminbi’s daily trading band with the dollar. In this month’s China Watch, we consider the implications of such...

As China develops, its manufacturing firms are moving into higher-value sectors. While this is a boon for low-wage Asian economies that represent a good alternative for low-end producers...

China’s share of the world’s low-end exports has started to fall. This reflects a shift by Chinese producers into sectors where margins are higher rather than a failure to compete. China’s export...