The Asian Development Bank (ADB) and the Organization for Economic Co-operation and Development (OECD) have raised their 2025 economic growth forecasts for China, both noting robust policy support and the resilience of the Chinese economy.
In its latest Asian Development Outlook released on Wednesday, the ADB raised its 2025 economic growth forecast for China by 0.1 percentage points to 4.8 percent, citing resilient exports and continued fiscal stimulus in the world's second-largest economy.
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ADB, OECD raise China 2025 growth forecast
ADB, OECD raise China 2025 growth forecast
ADB, OECD raise China 2025 growth forecast
ADB, OECD raise China 2025 growth forecast
While keeping its global economic growth forecast stable at 3.2 percent, the OECD also revised China's GDP forecast for 2025 from 4.9 percent to 5 percent last week. This adjustment highlights the OECD's recognition of China as a key stabilizer for global economic growth.
The OECD noted that, China's fiscal policy has been expansionary with the introduction of a number of measures to support incomes and boost consumption, in addition to the trade-in program for cars and household appliances.
ADB, OECD raise China 2025 growth forecast
ADB, OECD raise China 2025 growth forecast
ADB, OECD raise China 2025 growth forecast
ADB, OECD raise China 2025 growth forecast
A remote town in southwest China's Xizang Autonomous Region has transformed its picturesque landscape and distinctive agricultural products into engines for economic growth through integrated development of agriculture and tourism.
Nestled at an altitude of 3,000 meters, Niwu Town in Nagqu City is renowned for its breathtaking spring scenery, with 12,000 wild peach trees blossoming along a tributary of the Yarlung Zangbo River at the foot of towering snow-capped mountains.
Building on its natural resources, Niwu began hosting a peach blossom festival in 2015. This year's 11th edition runs from April 1 to 3, and features a specialty product market, traditional sports competitions and artistic performances.
The town's unique delicacies include high-nutrition yak meat, which has been granted a national Geographical Indication product, and handmade yogurt surprisingly served with chili sauce.
Abundant precipitation and sufficient oxygen have fostered lush wild bamboo forests in Niwu, enabling local residents to preserve the traditional bamboo weaving culture and the craft of making farming tools.
Centering on the core ecological competitiveness of peach grove on snow-covered plateau, Niwu has been steadily promoting the integration of agriculture and tourism, using the peach blossom festival to drive the growth of related industries in flower-viewing tourism.
In 2026, the town has received 11,700 tourists and generated over 1.8 million yuan (about 261,527 U.S. dollars) in tourism revenue.
Peach blossoms in Xizang town boost agriculture, tourism
