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6th Jul 2023 17:38China+, Weekly Monitor

  • China’s June foreign reserves beat expections, mostly accounted for by currency valuation effects.
  • But the PBoC probably is influencing the exchange rate market, to prevent excessively fast depreciation.
  • U.S.-China technology policy brinksmanship risks disrupting the global chip sector.

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Keywords for: 10July 2023 China+ Monitor

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