The Asian Development Bank on Wednesday lifted its 2025 economic growth forecast for China, citing resilient exports and continued fiscal stimulus in the world’s second-largest economy.
The ADB said in its latest Asian Development Outlook that China’s growth projection was raised by 0.1 percentage points. For developing economies across the Asia-Pacific region, the bank now expects growth of 5.1 percent in 2025, up from its September forecast of 4.8 percent.
“Asia and the Pacific’s solid economic fundamentals are underpinning robust export performance and steady growth, despite a global trade environment clouded by historic levels of uncertainty over the past year,” ADB Chief Economist Albert Park said.