Pantheon Publications

12 January 2026 China+ Monitor China's inflation firms in December, but sustained reflation still tricky

• China’s PPI improved on the back of a better supply-demand balance and rising non-ferrous metal prices.
• December’s CPI pick-up was due to transient factors such as food, offset by falling energy prices.
• Sustained reflation momentum will be difficult to maintain as economic fundamentals remain weak.

China+ Datanote: Foreign Reserves, China, December

In one line: China’s FX reserves rise on currency valuation gains as dollar weakens in December

China+ Datanote: Mfg PMIs, China, December

In one line: China’s manufacturing PMIs edges back into expansion, but sustainability remains in question

CHINA+ DATA WRAP 1 January 2026: China's manufacturing and non-manufacturing PMIs rebound, but momentum looks fragile

In one line: China's manufacturing and non-manufacturing PMIs rebound, but momentum looks fragile

6 January 2026 China+ Monitor China's services firms optimistic despite cooling in demand

• The December RatingDog services PMI points to slowing demand but a marked revival in sentiment.
• Firms are reluctant to hire though, and services inflation pressure is muted.
• China has provided more funds for consumer subsidies, though less than this time last year.