2025年12月3日大公報：內地經濟表現佳，人民幣上望6.99

Economic Performance - The mainland economy is performing well, with expectations for the RMB to reach 6.99 by the end of 2025[1] - Retail sales in October increased by 2.9% year-on-year, slightly exceeding market expectations[4] - Industrial production grew by 4.9% year-on-year in October, with a year-to-date increase of 6.1%[4] Inflation and Consumer Prices - The Consumer Price Index (CPI) rose by 0.2% year-on-year in October, ending two consecutive months of decline[4] - Core CPI, excluding food and energy, increased by 1.2% year-on-year, marking the sixth consecutive month of growth[4] Investment Trends - Fixed asset investment decreased by 1.7% year-on-year in the first ten months, worse than the market's expected decline of 0.8%[4] - The ongoing improvement in China-U.S. trade relations is expected to positively impact the RMB[4] Currency Outlook - The offshore RMB has shown strong performance, with the USD/RMB rate declining from approximately 7.35 at the beginning of the year to about 7.07 currently, representing a 3.8% appreciation[5] - The People's Bank of China (PBOC) continues to signal "moderate easing," which supports the RMB's stability and potential strengthening[5]