China’s attempt to crack down on speculative activity in its property markets does not signal that a property bubble is either inflating or about to burst. The new measures should help to tame price...

Hot inflows into China remain at a manageable level for now, but they doubled in Q4 relative to Q3 and are likely to be an increasing threat to monetary stability in the year ahead.

China today hiked the required reserve ratio (RRR) of commercial banks by 50bp. Interest rate hikes will follow but they will be limited by concerns over the durability of the economic recovery.