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6th Jan 2025 18:58China+Daily Monitor

  • China’s currency is under pressure from expectations of more PBoC easing and a less dovish Fed.
  • Foreign reserves fell sizeably in December, driven primarily by currency and bond valuation effects.
  • Some of China’s policy firepower has been saved, to be deployed depending on future US trade policy.

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Keywords for: 8 December 2025 China+ Monitor

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