Export margins did not fall when the renminbi was last rising against the dollar and Chinese producers continued to gain global market share. There is no reason to think that China’s export sector is...

Consumer price inflation is probably close to a peak. If the People’s Bank does not raise interest rates in the next few weeks (we think it won’t), it will find it increasingly hard to justify doing...

What should we make of speculation that interest rates could soon be hiked? Rates have been rising in much of emerging Asia for a while and we believe that rate increases would be a good idea for...

Chinese policymakers probably would respond to any substantial fall in the dollar by allowing more rapid renminbi appreciation. But hopes that a dollar collapse could force China into the sort of...