China’s Restraint on Monetary Policy Gets Its Biggest Test Yet

Hello. Today we look at tests to China’s policy restraint, falling chip demand and what it portends, and a worldwide baby bust.

In a briefing room in the Great Hall of the People overlooking Beijing’s Tiananmen Square, then People’s Bank of China Governor Zhou Xiaochuan issued a stark warning five years ago: The Communist nation could be headed for a “sharp correction.”