Consumer price inflation may have stabilised in December, partly due to seasonal factors. But with spare capacity rising, further significant falls are likely after Chinese New Year.

The impact on emerging Asia of a fall in lending by euro-zone banks to the region would be small. However, Asia would be vulnerable if the crisis in the euro-zone caused global credit markets to...

China’s 2008 stimulus was intended to buy time while the economy made the transition to sustainable, consumer-led growth. It hasn’t worked out as planned. The next few weeks are likely to reveal how...

It takes some reading between the lines in today’s statement on policy priorities for 2012 to find evidence that the policy setting has changed. Nonetheless, the shift is real.