The implications of China lowering its growth target have, in our view, been widely misunderstood. The lower target will have no direct impact on policy. Slower growth in China’s economy would also...

Today’s spending and output data were disappointing, suggesting the apparent turnaround at the end of last year has already run out of steam. There are clouds on the horizon too: property sales are...

We think consumer price inflation dropped significantly in February. We expect further small falls to the middle of the year, which will provide room for more policy easing. Oil prices at their...

The opening day of the National People’s Congress has thrown up a new growth target – exactly as expected – and confirmation that the government is holding the line on property market controls.