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10th Nov 2025 10:40China+Daily Monitor
  • Festive demand lift ed consumers out of deflation, but it won’t stick without stronger underlying demand.
  • PPI deflation moderated, but deeper manufacturing deflation shows China is not fully out of the woods.
  • The inflation trajectory hinges on the economic recovery, stimulus strength and anti-involution progress.

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Keywords for: 11 November 2025 China+ Monitor

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