Logo 21 Jan 2026

Macro wrap | Firing on uneven cylinders

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Trivium Markets keeps you briefed on the latest developments in China markets policy.

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To read this macro wrap as a PDF, click here. China closed out 2025 delivering on its GDP growth target of 5.0%, but the underlying numbers tell a more nuanced story. Industrial output and exports – particularly in high‑value manufacturing – drove the bulk of growth, while consumption remained weak ...