Is China’s 14-month car crash at an end? After more than a year of declining sales, the country’s auto industry has relief in sight. Beijing’s ruling State Council told city governments to loosen or cancel restrictions on new car sales designed to limit congestion, as part of a package of measures to get sputtering economic growth back on track. The ...

You can have too much of a good thing — even, as Germany proves, financial self-discipline. With the economy on the verge of recession and growth in the wider euro area sputtering out, a strong fiscal stimulus is needed from Berlin. Under conditions like these, fear of public borrowing is the opposite of prudent. The government is running a budget ...

With every passing day, India’s economic indicators are turning a little bleaker. The situation is bad enough to warrant using the word “crisis,” arriving just as the government’s fiscal ammunition is spent. The announcement of 5% GDP growth in the June quarter showed the economy growing at its weakest pace in six years. On Sunday, the top six carmakers reported ...