How can we help?

To learn more about our services get in touch on +44 20 7246 7800 or

Recent China research

* China Watch: Q3 GDP, Party Congress and the IMF annual meetings, Michelle Lam, Jonathan Fenby, Larry Brainard, 19 Oct 2017
* China Perspective: Communist Party Congress - What Xi’s new era means, Jonathan Fenby, 18 Oct 2017
* China Perspective: Communist Party Congress - The flaws in Xi’s world order, Jonathan Fenby, 16 Oct 2017
* China Watch: Pressure on housing sales to grow, Bo Zhuang, Jonathan Fenby, Jon Harrison, 12 Oct 2017
* China Perspective: Communist Party Congress - All Xi’s men, Trey McArver, 10 Oct 2017

See all our China research >>

China’s inflation: One-off revaluation becoming the lesser of two evils


The government’s new anti-inflation strategy is based on tight controls on bank lending and a faster appreciation of the yuan. In practice, these two policy tools work at cross purposes. Faster, but controlled, appreciation of the yuan will spur the growth of China’s domestic liquidity bubble, intensifying the inflationary pressures the lending caps are meant to control.

Although the top leadership will resist a one-off revaluation of the yuan, this option may prove to be a...

* Access to this publication is restricted

Request access

If you would like to read this publication, please enter your name and email address below:

Alternatively please call us on +44 20 7183 5280, or email

Already registered?