China moves in right direction on bank flexibility

June 8, 2012

Beijing has given banks a little more freedom on setting interest rates. The surprise change looks tentative, as usual. But allowing the market to play a bigger role in capital allocation will help both savers and companies, at the cost of its overly profitable banks.

China gets growth and a nasty dilemma

January 21, 2010

Chinese Premier Wen Jiabao once said 2009 would be China’s toughest economic period in fifty years. He wasn’t thinking ahead.