Hong Kong’s economy expanded by 4.3% y/y in Q2. While strong on paper (the economy grew by 3.5% last year), that simply reflects flattering base effects and the impact of last quarter’s bumper growth...

The unofficial services PMI dropped sharply in July, mirroring the decline in its official counterpart and adding to the evidence that China's economy lost momentum at the start of Q3. But the recent...

A significant appreciation of the renminbi would narrow China’s enormous trade surplus but it would also make the domestic deflation problem worse. This trade-off can only be addressed if a stronger...

The recent pick-up in industrial profit growth is not a sign that excess capacity in China’s manufacturing sector is being meaningfully resolved. Strong profit growth is concentrated in a few sectors...