Current concerns about China’s slowdown are more justified than the previous fears of overheating. The government will probably loosen policy towards the end of the year, helping to maintain growth at...

The negative reaction to what was in other respects an unimportant downward revision to the Conference Board’s leading indicator for April probably says more about the fragility of market confidence...

In the first week after the People’s Bank (PBC) decided to “proceed further” with exchange rate reform, the renminbi strengthened a total of 0.5% against the dollar. A little under half of those gains...

With expectations for the pace of future renminbi appreciation low, speculative capital flows into China are unlikely to take off. Even if they do, the People’s Bank is capable of responding...