Consumer price inflation probably rose further in November, but the upward momentum appears to be fading. Weekly data show that vegetable prices have fallen in each of the last four weeks. Unless...

The main events for December are the high-level meeting at the end of this week to discuss economic policy for the coming year, and the release of November’s inflation data in a week’s time.

Monetary conditions are not particularly loose in China and markets may be overestimating the degree of tightening to come. We expect several increases to the required reserve ratio over the next 12...

Price controls may appeal to officials eager to be seen to be doing something about rising inflation, but China’s experience with controls has not been encouraging. For markets, they could play either...