Global financial institutions have highlighted China’s economic resilience, revising 2025 GDP growth forecasts upward as confidence strengthens in the country's policy stability, endogenous growth momentum, and technological innovation.
While initial concerns arose over external challenges, such as U.S. tariff hikes, analysts expressed confidence in China’s robust internal growth drivers.
Reflecting this confidence, prominent institutions have recently upgraded their 2025 GDP growth projections for China.
Goldman Sachs increased its forecast by 0.6 percentage points, with UBS matching this upward revision and J.P. Morgan raising its estimate by a slightly higher 0.7 points.
"Even amid the impact of U.S. tariff increases in the second quarter, China's domestic economy has demonstrated strong resilience," said Zhang Ning, a senior economist at UBS .
"With foreign countries, especially the West, facing numerous uncertainties, China's steady policy approach has provided reassurance to global investors," said Robin Xing, chief China economist at Morgan Stanley.
Adding to the optimism, Chinese firms’ robust technological innovation continues to play a pivotal role, driving confidence among global financial institutions.
"Strong Chinese companies are still able to consolidate market share, grow their revenues. They're adapting in a number of ways. They're reducing revenues to the U.S. and they' re increasing their production abroad in some sectors," said Stuart Rumble, Head of Investment Directing, Asia Pacific at Fidelity.
Global institutions highlight China's economic resilience, raise 2025 growth forecasts
