China’s budget planners have a history of wildly underestimating revenue growth, usually making actual net spending by the government far less supportive to the economy than originally planned. The...

The annual meeting of China’s parliament, the National People’s Congress, starts on Monday. In this China Watch, we highlight the key issues. We also preview forthcoming data releases. We expect them...

China is slowly relaxing its capital controls but unfettered cross-border flows won’t be allowed until the currency floats and the financial sector has been overhauled. This could take a decade, but...

The weekend cut to reserve requirements was so long in coming that some investors had begun to question whether the People’s Bank was really committed to policy loosening at all. We believe it is...