About the only thing falling faster than China’s economic prospects is the yuan. China’s sliding currency is but the latest indicator pointing toward a year that could be the hardest yet of the Xi Jinping era. That seemed clear enough last week, when the People’s Bank of China surprised the world with a rate cut. […]
What China must do to revive its fading recovery
Cutting rates is a start but Beijing needs to fire up fiscal engines to avoid missing its 5% economic growth target