Goldman Sachs, one of the major international financial institutions, has raised its economic growth forecast for China through 2027, pointing to resilient exports, stronger policy support and a growing high-tech manufacturing sector.
In its latest report released on Friday, the American multinational investment bank increased its projection for China's 2025 real gross domestic product (GDP) growth from 4.9 to 5 percent. It also raised its forecasts for 2026 and 2027 by half a percentage point and 0.7 percentage points, respectively.
The report states that despite tariff headwinds, stronger exports are set to drive overall economic expansion. It estimates exports are on track for a roughly 8 percent full-year growth, underscoring the broad competitiveness of Chinese products.
The analysis also indicates that China's goal of upgrading traditional industries will receive comprehensive government support, aligning with the country's 15th Five-Year Plan (2026-2030).
The bank added that the drag on the economy from the housing sector is expected to ease in the coming years.
Goldman Sachs raises China GDP forecast through 2027
