15 January 2026 China+ Monitor China executed its trade strategy well in 2025 and kept exports afloat

• China’s successful diversification kept its exports afloat in 2025, with the amount exported reaching USD3.77T.
• The record trade surplus masks exceptionally weak imports, which reflect feeble domestic demand.
• China’s export strategy will face rising challenges in 2026 as non-US trade protectionism escalates.

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.