The Organization for Economic Cooperation and Development (OECD) has raised its forecast for China's economic growth in 2025 from 4.9 percent to 5 percent in its latest Economic Outlook report.
This marks the third time the OECD has upgraded its projection for China this year, reflecting growing confidence in the country's economic resilience.
The OECD noted that China's fiscal policy has been expansionary, with a number of measures introduced to support incomes and boost consumption, including a trade-in program for cars and household appliances.
This adjustment underscores the OECD's recognition of China as a key stabilizer of global growth.
Tamas Hajba, head of the OECD Beijing Office, said China's strengthened efforts to advance large-scale equipment renewal and consumer goods trade-ins have effectively boosted consumption and led to good performance in exports and export-oriented manufacturing industries.
He added that the Chinese economy has shown resilience and undergone transformation in 2025, despite external uncertainties in the global economic landscape.
"I would definitely start with 'resilience.' Regardless of the external environment, the tariffs and the pressure in foreign trade, China's economy performed well. The second keyword that I would use is 'transformation,' as China is in a transformation when it comes to the green and digital transformation. But China is also transforming its industry and restructuring its industry," said Hajba.
OECD raises 2025 forecast for China's economic growth to 5 pct
OECD raises 2025 forecast for China's economic growth to 5 pct
OECD raises 2025 forecast for China's economic growth to 5 pct
