The China Council for the Promotion of International Trade (CCPIT), leading a Chinese business delegation, wrapped up a visit to the United States at the invitation of its US counterparts, the CCPIT said on Sunday.
The delegation visited Washington, San Francisco, Oakland, and other places in the U.S. from Dec. 2 to 6, aiming to deepen economic and trade exchanges and cooperation among the business communities of the two nations.
During the visit, CCPIT chairman Ren Hongbin held working talks with the U.S. Department of Commerce, led a delegation to visit and meet with San Francisco Mayor Daniel Lurie and Oakland Mayor Barbara Lee, and visited and conducted research at companies such as Apple and HP.
The CCPIT has collaborated with U.S. authorities and business organizations and hosted multiple China-U.S. business matchmaking events, engaging in discussions and exchanges with over 170 U.S. companies and institutions.
Ren introduced China's new measures to adhere to high-quality development and high-level opening up, and promoted the fourth China International Supply Chain Expo (CISCE), which is scheduled for June 22 to 26 in 2026.
He also emphasized that the CCPIT will support and promote the Chinese and American business communities in taking more proactive actions to deepen exchanges and cooperation and make greater contributions to the stable, healthy, and sustainable development of China-U.S. relations.
American business leaders generally believe that the visit has effectively promoted China-U.S. business exchanges and cooperation, and said that the recommendations for formulating China's 15th Five-Year Plan (2026-2030) have enhanced American companies' confidence in China's economic development, attracting them to continue to invest in China while deepening cooperation between Chinese and American companies in the industrial and supply chains.
Chinese business delegation wraps up U.S. visit with fruitful results
The International Monetary Fund (IMF) said on Wednesday it had raised its forecast for China's economic growth in 2025 to five percent, an upward revision of 0.2 percentage points from its October outlook.
IMF Managing Director Kristalina Georgieva made the remarks at a press conference held in Beijing, noting that the economy has demonstrated notable resilience despite facing multiple shocks.
"Despite sizable shocks, China's economy has shown remarkable resilience. We have upgraded our projections for China's growth to five percent in 2025. They reflect both strong exports and welcome fiscal stimulus. This resilient growth has supported household incomes. China is contributing about 30 percent to global growth," she said.
According to the press conference, an IMF team conducted constructive exchanges from December 1 to 10 in Beijing and Shanghai with senior Chinese government officials, representatives of private enterprises, and academics regarding China's economic outlook and policy responses, leading to the preliminary conclusion of raising China's growth forecast.
The IMF particularly recognized a combination of macro policies of the Chinese government aimed at expanding domestic demand and boosting consumption. It recommended further leveraging fiscal policy in the future to shift the growth model toward consumption‑driven expansion.
The IMF predicted that China will remain a crucial engine of global economic growth for many years to come.
According to Georgieva, measures such as shifting economic growth toward consumption‑driven expansion, further tapping the potential of the services sector, and promoting structural reforms with more proactive and stronger macro‑policies could add an estimated 2.5 percentage points to China's economic growth over the next five years through 2030. Such efforts would also contribute to healthier and more balanced development of the world economy.
IMF highlights China's economic resilience, raises 2025 growth forecast
