Translated with AI
The World Bank published its latest forecast for Chinese economic growth in 2025 in Beijing on Thursday, raising the growth target by 0.4 percentage points compared to the previous forecast.
According to the World Bank, the Chinese government is pursuing a more proactive fiscal policy and a moderately loose monetary policy, which is supporting domestic consumption and investment. At the same time, demand from developing countries is supporting exports.
"China's economic growth in the coming years will depend increasingly on domestic demand," said Mara Warwick, World Bank Country Director for China, Mongolia, and Korea. "In addition to short-term fiscal stimulus, advancing structural reforms to the social security system and creating a more predictable business climate could also help boost confidence and lay the foundation for sustainable growth."
