China’s Finance Ministry has pledged to significantly increase government debt, as well as ensure that RMB2.3trn in unused funds (equivalent to 1.6% of GDP) are spent by year-end. The latter should...

All eyes are on the Ministry of Finance's crucial press conference tomorrow morning. We think this year’s growth target is just about achievable if local governments can be pushed to fully deploy...

China’s economy has some cyclical spare capacity that could be filled with fiscal stimulus. But its troubles are mostly structural. The finance ministry won’t solve them on Saturday.

In a marked shift following a decade of one-sided intervention, the PBOC is now leaning heavily on its daily fixing rate to limit the renminbi's appreciation. We think this is an attempt to maintain...