Overheating: an investor cools herself as she monitors share prices at a securities firm in Shanghai. China’s key indices lost a fifth of their value and wiped out nearly all of this year’s gains in six days. Photograph: Stringer/AFP/Getty

In January this year, Chinese premier Li Keqiang, who is responsible for steering the world’s second largest economy through increasingly choppy water(...)

 Chinese migrant workers in  rural Qingdao city, eastern China. China aims to expand its cities   by allowing millions more rural residents to migrate to urban jobs. Photograph:  Wu Hong/EPA

Economists focused on the longer term in China have long seen the country’s astonishing urbanisation process as the reason why the economy is s(...)