Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
BEIJING, Dec. 11 (Xinhua) — The World Bank on Thursday released its latest forecast for China's economic growth in 2025, raising the growth target by 0.4 percentage points compared to the previous forecast.
According to the World Bank, the Chinese government is pursuing a more proactive fiscal policy and a moderately loose monetary policy, which is supporting domestic consumption and investment. At the same time, demand from developing countries is supporting exports.
“China’s economic growth in the coming years will depend increasingly on domestic demand,” said Mara Warwick, World Bank Country Director for China, Mongolia, and Korea. “In addition to short-term fiscal stimulus, advancing structural reforms to the social security system and creating a more predictable business climate could also help boost confidence and lay the foundation for sustainable growth.” -0-
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.