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
China's second domestically built large cruise ship, the Adora Flora City, will carry out the lifeboat release test on Tuesday, according to the shipbuilder, China State Shipbuilding Corporation (CSSC).
The large cruise ship is scheduled to undock on March 20 for the next test phase of dockside mooring, and sea trials are planned in late May, said the shipbuilder.
The primary objective of a lifeboat release test aims to verify the seamless release of the lifeboats from the vessel.
Following the release, a maneuvering trial will also be carried out to assess the lifeboats' operational performance and confirm it meets all required safety standards.
With a gross tonnage of 141,900 tonnes, the cruise ship represents a further step forward in China's large cruise ship construction capability.
Compared with the country's first domestically built large cruise ship, the Adora Magic City, the new vessel features a series of design and construction upgrades.
According to the shipbuilder, the ship is 17.4 meters longer, offers expanded public areas and enhanced onboard comfort.
The Adora Flora City is expected to be delivered by the end of 2026.
China's second homegrown large cruise ship to conduct lifeboat release test
