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Lagarde wins backing for new IMF term

UK, France and Germany come out in support of managing director

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Carney’s inactivity is right response

Britain is far more open to the world economy than the US and so is more exposed

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PBoC in a quandary over capital controls

Slide in forex reserves sparks fears of run on the renminbi amid efforts to manage a soft landing

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HK sets new unaffordable housing record

Median prices now 19 times median pre-tax household incomes

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China: an SOE story

Shares in Hong Kong-listed state-owned enterprises are cheap for a reason

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Capital controls may be China’s only real option

Clearer communication alone will not help the renminbi

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China’s toughest test is within its walls

Shift from reliance on exports and investment carries risks but impact on markets is overstated

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China slowdown to fuel Asia refining glut

Upgraded oil refineries come on stream as energy demand slows

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China struggles to tell world its thinking

Communications crisis spurs global confusion over Beijing’s economic policy

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Limp PBoC messaging belies policy strides

China’s central bank has moved to jettison command-economy style mechanisms

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Struggling Chinese companies turn to P2P

Sites like Baozhi360 and Zichan360 grow as debt problems weigh down traditional lenders

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China floods its banks with cash

Traditional holiday cash squeeze exacerbated by sharp capital outflows

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Federal Reserve: Credibility on the line

Last month’s rate rise is drawing criticism. Some say it should abandon plans to increase again soon

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Capital controls will not cure China’s ills

The government should make a real commitment to supply-side reforms, writes Eswar Prasad

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China to restrict offshore insurance sales

HK insurance offices have been teeming with mainland Chinese customers

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EU pushes China to cut back steel sector

Brussels plans anti-dumping investigations as block debates giving Beijing market economy status

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Driving home for new year — in a shared car

Workers take to gig economy in world’s biggest mass migration

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Small but serious threat of US recession

Growth fears are overdone but the Federal Reserve must be vigilant

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China FX reserves lowest since 2012

Monthly drop of nearly $100bn as Beijing sells off dollars to support Rmb

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Outflows from China top $110bn in January

Companies and residents evade tightening capital controls amid fresh market turmoil

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