Several international organizations have raised their expectations for China's economic growth rate

Beijing, December 11 (Xinhua) -- Several international organizations have recently raised their expectations for China's economic growth rate in 2025. Among them, the World Bank, International Monetary Fund, and Asian Development Bank have respectively raised their prices by 0.4, 0.2, and 0.1 percentage points.

Multiple institutions have stated that despite facing shocks, the Chinese economy has demonstrated significant resilience. On December 11th, the World Bank released its latest China Economic Briefing, which raised its forecast for China's economic growth rate in 2025 by 0.4 percentage points compared to the previous briefing. The World Bank stated that for the whole year, the Chinese economy performed better than expected at the beginning of the year. The Chinese government's more proactive fiscal policy and moderately loose monetary policy have supported domestic consumption and investment. Meanwhile, China's export market has become more diversified, providing support for maintaining export resilience.

On December 10th, the International Monetary Fund announced that it expects China's economic growth rate to reach 5% by 2025, an increase of 0.2 percentage points from the World Economic Outlook report released in October this year. On the same day, the Asian Development Bank announced that, thanks to the resilience of China's exports and continued efforts in fiscal policy, it has decided to raise its forecast for China's economic growth rate in 2025 by 0.1 percentage points.

The World Bank and the International Monetary Fund have also raised their expectations for China's economic growth rate next year, by 0.4 and 0.3 percentage points respectively.

Regarding China's economic growth prospects, the World Bank's Chief Economist for China, Melissa, believes that in the long run, China's economic growth potential is still quite high. By strengthening technological innovation and improving resource allocation efficiency, China will continue to enhance its productivity level.

The Managing Director of the International Monetary Fund, Georgieva, stated that China is expanding domestic demand through a series of targeted measures, including strengthening the social security system, increasing pension support and issuing childcare subsidies, and comprehensively addressing "involution" competition, which will help improve its medium-term growth prospects. China is embracing a new growth model and believes that the Chinese economy can achieve stronger growth in the future.