Deutsche Welle reports today (October 7): [World Bank raises China's GDP growth forecast for this year to 4.8%]. The World Bank has raised its economic growth forecast for China in 2025 to 4.8%, but at the same time warned that the growth momentum will slow down next year, due to low consumer and business confidence. On Tuesday (October 7), the World Bank released its biannual economic outlook report for East Asia and the Pacific region, raising the growth expectation for China this year to 4.8%, while the report released in April this year had predicted GDP growth of 4.0% for both this and next year. Analysts expect Beijing to introduce more stimulus measures to counter the economic slowdown and support the government's annual growth target of around 5%.
Comments: The World Bank's upward revision of China's 2025 GDP growth rate to 4.8% is a recognition of the resilience of China's current economy. From the previous forecast of 4.0% in April to the current 4.8%, the upward adjustment reflects the fundamental support of China's economy in a complex environment - traditional advantages such as a super-large market and a complete industrial system are still playing a role, allowing the growth expectations to be revised.
The multi-dimensional potential of China's economy - "innovation with breakthroughs, market with depth, policy with support" - determines that China's economy is not "growth driven by short-term stimulus", but rather has the internal ability for self-repair and continuous upgrading. Even facing short-term confidence challenges, the continuous release of these deep-seated potentials will ultimately drive the economy to steady and long-term development.
Original: www.toutiao.com/article/1845319687660679/
Statement: This article represents the views of the author himself.