The renminbi has virtually stopped moving against the dollar over the last fortnight and is actually weaker in trade-weighted terms than it was when currency reforms were restarted just under a month...

China’s foreign exchange purchases slumped in Q2, but will probably pick up again as the trade surplus rises in the second half of the year.

Inflation might have risen again last month but the peak is probably not far away.

Plans for new investment in Western China probably do not constitute a new stimulus, but should temper concerns that tighter rules on local government project financing will lead to a slump in...