The World Bank has raised its forecast for China's GDP growth in 2025 to 4.8 percent in its October 2025 East Asia and Pacific Economic Update released on Tuesday, 0.3 percentage points higher than its previous forecast of 4.5 percent in June.
The World Bank also projected China's GDP growth in 2026 to decline from 4.8 percent this year to 4.2 percent in 2026, "because of an expected slowdown in export growth and a likely reduction in the fiscal stimulus in light of rising public debt, as well as continued structural deceleration."
World Bank analysts also predicted that China will roll out more stimulus policies to support its annual growth target.
The report also forecast that the rest of the East Asia and Pacific region will grow by 4.4 percent in 2025 and 4.5 percent in 2026 "in the face of higher trade barriers, elevated global economic policy uncertainty and slower global growth, as well as increased domestic political and policy uncertainty."
Vietnam is expected to lead with a 6.6 percent growth, followed by Mongolia at 5.9 percent, and Palau at 5.7 percent in 2025.
The World Bank warned of slowing global economic momentum due to low consumer and business confidence and higher trade barriers, triggered in large part by U.S. economic and trade policies.
World Bank raises China's GDP forecast to 4.8 pct in 2025
Eight significant media cooperation outcomes were announced at the Global South Media Partners Mechanism Inauguration Meeting and the 13th Global Video Media Forum (VMF) in Xi'an, the provincial capital of Shaanxi in northwest China on Thursday.
Themed "Building Consensus for Shared Benefits: Media's Role in Global Governance," the two-day event gathers hundreds of government officials, leaders of international organizations, and representatives of major media outlets across the Global South to exchange views on enhancing the voice of developing countries, promoting fairness and equity in international communication, and sharing compelling stories of peace and development.
China Global Television Network (CGTN), China Media Group (CMG)'s international arm, officially launched three specialized channels on free advert-supported streaming television (FAST) platforms on Thursday, offering a variety of programming up to global viewers.
The newly launched channels -- CGTN Global Biz, China Travel and Discovering China -- will be broadcast 24/7 across 15 major international FAST platforms, reaching nearly 200 million viewers worldwide.
The Blue Book of Global South's View of the World - A Global Opinion Survey Research was also released at the event. (蓝皮书名字参考会议屏幕)
The CMG, in partnership with Renmin University of China, has conducted a large-scale public opinion survey across 47 countries on six continents. Over 9,000 respondents provided their answers.
The Blue Book data reveals that the global governance issues of greatest concern to Global South countries are poverty, food security, and safety, with over 70 percent of the respondents hoping for reforms to the global governance system.
Furthermore, an overwhelming majority of respondents reacted positively to the Global Governance Initiative (GGI) proposed by China.
CGTN has joined hands with media outlets worldwide to co-produce a special program, "Global South Voices", aiming to break down discourse barriers and ensure the voices of the Global South are heard throughout the world.
To achieve greater content sharing and joint technological innovation with its Global South media partners, the CCTV Video News Agency has independently developed the Global South Media Nexus platform, which empowers the Global South media partners by utilizing high-tech means to enhance their operational efficiency.
To promote media talent exchange among Global South countries, cultivate professional ethics, and explore technological innovation, CMG has established the Global South Media Training Center in Sanya in the island province of Hainan.
An unveiling ceremony of the center was held.
Xi'an, the starting point of the Silk Road, also witnessed a grand launch of the co-creation project: Global South Stories. This collaborative project has already attracted talented creators from 73 countries and regions worldwide. Through their unique perspectives and creative expressions, their stories showcase the vibrant cultures and boundless charm of the Global South.
Xi'an also has designed a special ambassador for promoting this co-creation project: AI digital human "A Yong".
The grand finale is the launch of the Global South Media Partners Mechanism that the CMG had initiated to promote collaborative communication and technological innovation. To date, 528 media organizations from 114 countries and regions have declared their participation.
Established by the CCTV Video News Agency (CCTV+) in 2011, the VMF focuses on video content dissemination and technological innovations and serves as a key annual exchange platform for global media users and partners. The event has now evolved into a premier global forum, attracting extensive participation from media organizations and professionals worldwide.
This year's edition is jointly sponsored by CCTV+, the Publicity Department of the Communist Party of China (CPC) Xi'an Municipal Committee, and the China Media Group Shaanxi Bureau, with help from China Global Television Network.
Int'l media forum in Xi'an announces 8 significant media cooperation outcomes
