China’s corporate debt risks sparking a bigger crisis if the authorities fail to tackle it, the International Monetary Fund has warned. – Financial Times
China’s central bank has burnt through nearly half a trillion dollars in foreign reserves to support its currency since August, despite criticism it has betrayed its commitment to let market forces drive the exchange rate. – Financial Times
Fixed-asset investment in China grew at its slowest rate for 16 years in the first five months of this year, as private companies held off spending and left the state sector to keep the economy humming. – Financial Times
Editorial: The Obama administration should not yield on this point, unless and until China shows irreversible progress on economic reform, including, specifically, its subsidized excess industrial capacity. For the sake of prosperity in both countries, it’s a fight worth having. - Washington Post