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10th Jul 2025 18:31China+Weekly Monitor

  • Valuation effects explain 60% of China’s foreign exchange reserves rise in June.
  • A rush to ship exports ahead of the August 12 tariff deadline likely contributed to the rise in reserves.
  • Beijing’s moderate 2030 consumption growth target offers clues about China’s growth strategy.

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Keywords for: 14 July 2025 China+ Monitor

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