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
The Iranian government is focusing on public concerns and maintaining stable supplies of essential goods amid recent protests, Iranian President Masoud Pezeshkian said in a televised interview on Sunday.
In the city of Karaj, northwest of the capital Tehran, daily life has largely continued as normal. A video filmed by a local resident on Sunday shows food stores open and grocery shelves fully stocked.
"This is the block near my home, and there are some food stores here. Daily life continues here. Last night we did not see many protests in Karaj. Right now the city is very safe. This is a grocery store close to my home. All the food is available; nothing is in shortage. Here are noodles and different types of beans. Here are dairy products, cheese, and yogurt. I also checked other grocery stores and didn't see any shortages. Everything is available," said local resident Ali Reza.
Iranian officials have described recent disturbances as acts orchestrated by the "enemy," including some carried out by well-trained and armed "terrorists." The incidents have caused casualties among security personnel and civilians, as well as property damage.
The Secretary of Iran's Supreme National Security Council Ali Larijani has directed authorities to severely punish the "terrorists."
Meanwhile, Iran's police chief Ahmad-Reza Radan said on Sunday that the police had raised alert levels and arrested several leaders of the troublemakers during the operations on Saturday.
President Pezeshkian noted in the interview that the normal demands of the Iranian people are reasonable and justified, but they must realize that triggering riots and carrying out terrorist acts are the enemy's attempts to undermine the country. He urged the public to remain vigilant.
Also on Sunday, Iranian Parliament Speaker Mohammad Baqer Qalibaf warned that Tehran would regard U.S. and Israeli bases and facilities in the Middle East as "legitimate targets" if Washington takes military action against Iran. His remarks followed media reports saying U.S. President Donald Trump is "seriously considering authorizing a strike" against Iran.
Iranian state media reported that at least 109 members of Iran's security forces have been killed in clashes since the protests began 14 days ago. Meanwhile, human rights groups based outside the country said the number of protesters killed has exceeded 200, though the figure could not be independently verified.
The protests initially erupted over a sharp depreciation of the rial and sweeping subsidy reforms. Iranian authorities have blamed the unrest on foreign-linked agents and sanctions imposed by the United States.
Iranian president says government focusing on ensuring supplies amid protests
