We expect a big rebound in Chinese equity prices in the second half of 2010 as fears about policy tightening wane and the economy heads to a soft landing. However, rising prices will not give much of...

A few weeks ago, the common view was that China was overheating and so heading for a crash. (We strongly disagreed.) The mood now seems to be shifting, partly due to worries about the global outlook...

How much progress has there been in efforts to rebalance China’s economy? US Treasury Secretary Tim Geithner is positive, saying that “it looks as if there has been a durable shift towards domestic...

Markets have reined in even further their expectations of renminbi appreciation and are now pricing in a meagre 0.6% gain against the dollar over the next 12 months. That is surely too little. Indeed...