The World Bank has raised its forecast for China’s economic growth this year by 0.4%, to 4.9%.
According to Xinhua News Agency, the World Bank released its latest China Economic Update report in Beijing on the 11th, stating that in the third quarter of 2025 China’s economy will remain robust, leading to a year-on-year GDP growth of 5.2% in the first nine months of this year.
The report projects that China’s full-year economic growth in 2025 will reach 4.9%, and 4.4% in 2026, citing persistent headwinds.
The report also pointed out that recent fiscal policy measures and a more stable global trade environment may support investment and exports.
Worwick, Director of the World Bank’s China, Mongolia, and Korea Department, said: “In the coming years, China’s economic growth will rely more on domestic demand. Besides short-term fiscal stimulus, advancing structural reforms to the social security system and creating a more predictable environment for enterprises will help boost confidence and lay the foundation for robust, sustainable growth.”