The financial crisis has left many reputations looking rather tattered. China’s policymakers are among a small group who have emerged with their standing enhanced. Acting boldly and swiftly, they not...

The renminbi came close to breaching the People’s Bank 0.5% trading band against the dollar today, however such strong gains are unlikely to be a sign of what is to come. Indeed, when currency reform...

Proof will come in the next day or two, but the decision of the People’s Bank to “proceed further” with exchange rate reform almost certainly means the renminbi’s hard dollar peg is at an end.

There may be 31 million fewer Chinese aged under 15 than previously thought. If so, the number of young workers will soon be falling rapidly, putting sustained upward pressure on wages.