The timing of China’s first monthly trade deficit in six years, if confirmed by March’s data, is almost too good to be true.

The US Treasury’s upcoming announcement on whether China is a “currency manipulator” might not be the pivotal moment some are expecting. That doesn’t mean that a quarrel over the exchange rate can be...

China’s businesses and banks remain confident and do not think the economy is overheating, but consumers are unhappy about prices and reluctant to spend.

Figures released today suggest that inflation expectations are easing in China. This measure of expectations has a very poor record as a guide to what is about to happen to inflation, but the latest...