China stealth stimulus may slip down back of sofa

September 17, 2014

A reported injection of $81 billion via big banks equates to less than a month of credit. It won’t restore rapid growth, but may help cash-strapped companies pay their bills for a while. High debt and low liquidity are forcing authorities into increasingly intricate manoeuvres.

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.

Low expectations should make China do more on yuan

January 11, 2011

The Chinese currency rose just 3.6 percent in 2010. As political pressure ebbs and euro zone trouble spreads, traders now expect an even smaller gain for 2011.