Ask any number of people in China to identify the biggest economic problem the country faces in 2011 and they, along with most analysts, will agree: inflation. They may all be wrong.

China’s businesses have grown in confidence in the last quarter but banks and consumers are far less upbeat. Banks are increasingly worried about overheating and the need for policy tightening...

Consumer price inflation increased by much more than expected in November. But recent policy moves and official statements, including that from this weekend’s high-level policy meeting, give the...

Today’s data showing continued rapid lending and very strong import growth will do nothing to calm market concerns that monetary policy in China is falling behind the curve. A rate hike seems imminent...