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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Dec. 10 (Xinhua) — The International Monetary Fund (IMF) on Wednesday updated its forecast for China's economic growth by the end of 2025 to 5 percent year-on-year, up 0.2 percentage points from its previous forecast made in October.
The increase follows the completion of the IMF's Article IV consultation with China for 2025. According to the IMF statement, an IMF team led by China Mission Chief Sonali Jain-Chandra visited Beijing and Shanghai from December 1 to 10.
The IMF team held constructive discussions with senior government officials, the People's Bank of China, private sector representatives, and academics on economic developments, risks, and policy priorities.
"China's economy has demonstrated remarkable resilience despite multiple shocks in recent years," said Sonali Jain-Chandra, adding that the updated forecast partly reflects the recent macroeconomic stimulus package.
The team also raised its forecast for China's economic growth in 2026 to 4.5 percent, up 0.3 percentage points from its October estimate.
The IMF's bulletin noted China's recent steps to spur consumption-led growth, including accommodative fiscal policy, monetary easing, and targeted measures to support consumption and the real estate sector. It also stated that a more robust policy package would provide additional GDP growth for China.
China has set a target for GDP growth of around 5 percent in 2025. In the first three quarters of this year, China's economy grew at an annualized rate of 5.2 percent. -0-
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