The World Bank on Thursday released its latest China Economic Update in Beijing, raising its 2025 economic growth forecast for the world's second-largest economy by 0.4 percentage points.
In the report, the World Bank said that China's more proactive fiscal policy and moderately accommodative monetary policy have supported domestic consumption and investment. It also highlighted that China's increasingly diverse export markets have contributed to maintaining the resilience of its exports.
Mara Warwick, World Bank division director for China, Mongolia and Korea, believes that China's growth in the coming years will depend more on domestic demand.
She said that China's more proactive fiscal policy, continuously deepening structural reforms, and more predictable business environment will help boost confidence and lay the foundation for resilient and sustainable growth.
World Bank raises China 2025 growth forecast by 0.4 percentage points
World Bank raises China 2025 growth forecast by 0.4 percentage points
The Chinese mainland is willing to engage in consultations with relevant parties in Taiwan on reunification under certain legal guarantees, said Chen Binhua, a spokesperson for the State Council Taiwan Affairs Office, at a press briefing in Beijing on Wednesday.
Formosa Alliance, a group in Taiwan known for its radical pro-separatism stance, has issued an open letter, expressing willingness to adjust its stance and participate in cross-Strait reunification negotiations on the condition of the "people in Taiwan governing Taiwan and a high degree of autonomy" being guaranteed by clear legal commitments.
When asked for his comment, Chen reiterated the mainland's consistent position that cross-Strait unification is inevitable.
"The two sides of the Taiwan Strait will eventually and definitely achieve reunification. We are willing to, on the shared political foundation of upholding the '1992 Consensus' and opposing 'Taiwan separatism', engage in dialogue and consultation with all political parties, groups, sectors and social strata in Taiwan regarding the development of cross-Strait relations and the future of the nation, and jointly promote the process of national reunification," he said.
Mainland open to consultations on reunification with Taiwan: spokesman
