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What will be the primary focus of China's 2025 economic work meeting?
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Resolution / Starting Odds
Focus on economic stability • 25%
Focus on trade expansion • 25%
Focus on domestic consumption • 25%
Other focus • 25%
Official communiques from the Chinese government or major financial news outlets
Story
China Considers Yuan Weakening to 7.50 in 2025 as Trump Tariffs Loom, PBOC Reports
Dec 11, 2024, 08:09 AM
Chinese policymakers are reportedly considering allowing the yuan (CNY) to weaken in 2025 in response to looming tariffs from a potential second Donald Trump presidency. This potential move comes amid growing economic concerns and is seen as a strategy to mitigate trade pressures. Reports indicate that the People's Bank of China (PBOC) may contemplate allowing the yuan to depreciate to levels around 7.50 against the US dollar. The offshore yuan has already seen significant fluctuations, recently falling nearly 300 pips to 7.2815 against the dollar. Analysts suggest that this shift in monetary policy reflects broader economic worries, although experts caution that a large-scale stimulus is unlikely. The discussions coincide with China's annual economic work meeting, where top leaders are expected to outline policies for the upcoming year, emphasizing the need for a stable economic environment amid increasing trade tensions.
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Technological innovation • 25%
Environmental sustainability • 25%
Infrastructure development • 25%
Social welfare improvement • 25%
Reform and Opening Up • 25%
Macroeconomic Stability • 25%
Development and Security Coordination • 25%
Other • 25%
Technological advancement • 25%
Other areas • 25%
Reform and opening up • 25%
Development and security • 25%
No major reforms • 25%
Labor market reform • 25%
Financial sector reform • 25%
Real estate reform • 25%
Other major changes • 25%
Tax cuts • 25%
Infrastructure spending increase • 25%
Monetary policy easing • 25%
Domestic Consumption • 25%
Investment • 25%
Exports • 25%
Government Spending • 25%
Human Rights • 25%
Climate Policy • 25%
Technology • 25%
Trade Policy • 25%
Technology sector • 25%
Government stimulus • 25%
Exports • 25%
Domestic consumption • 25%
Other policy • 25%
Military and regional policy • 25%
Drug control policy • 25%
Trade policy • 25%
Cultural • 25%
Military • 25%
Economic • 25%
Technological • 25%
Government stimulus • 25%
Other • 25%
Domestic consumption • 25%
Exports • 25%
Geopolitical Stability • 25%
Climate Change • 25%
Economic Cooperation • 25%
Digital Transformation • 25%