The Big Call
We estimate that some 13m housing units stand empty, but this signifies not so much a bubble about to burst, as a slowdown in property investment growth.
China's shoe industry shows textbook examples both of the power-brand creation and the perils of failing to brand.
Low-end shoe manufacturer is finding its mass-market position under siege from surging labour costs in south-east China.
A strong brand portfolio and swift moves to locate manufacturing inland are helping to drive the major shoe retailer's profits.
Stella is still mainly a manufacturer for famous brands such as Clarks, Wolverine and Deckers, but sales of its own high-end brands have been growing fast.
A perfect storm of rising labour costs for an expanded workforce, higher costs of sale in an expanded retail network and higher taxes is engulfing this mass-market brand.
A desire to bring a vast informal financial system under regulatory control is obliging Beijing to make concessions to market forces.
Banks are seeking to offset lost revenues from reserve requirement ratio hikes and other factors by hiking borrowing rates for individuals and SMEs.
Sixteen consecutive weeks of net injections more than offset the liquidity frozen by three recent RRR hikes.
So far, the image presented at the ongoing session of National People's Congress is of a competent government planning bold steps to meet its challenges.
Best of Chinese Commentators
High-level officials faced questions at this week's National People's Congress over the government's high-speed rail ambitions after dismissing Railways Minister, Liu Zhijun.
How will mainland markets move following announcements from this year's two meetings of the Chinese People's Political Consultative Conference and the National People's Congress?
Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.