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3rd Feb 2025 09:34China+Daily Monitor

  • China is likely to be restrained in its retaliation to the US tariff hike announced over the weekend.
  • A limited trade war is more likely than a near-term grand bargain. Goodwill gestures seem likely.
  • The Caixin manufacturing PMI declined in January but held up better than the official gauge.

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Keywords for: 4 February 2025 China+Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence