China’s stronger-than-expected Q2 GDP data should reduce fears about a hard landing in the near future. But the structural trends were less encouraging: consumer spending continues to fall as a share...

Last month’s lending rebound was driven by short-term credit and may have done more for asset markets than the economy. Medium and long-term lending increased by the least since 2008.

June's increase in inflation was largely caused by an acceleration in pork prices which is unlikely to last. Non-food prices did not rise at all last month, supporting the view that broad price...

A decline in China's pig population at the turn of the year is now resulting in a surge in pork prices that probably pushed consumer price inflation above 6% y/y last month. Price pressures for non...