At least nine US and international banks raised their forecasts for China’s economic growth this year following better-than-expected data from the second quarter, although they expect the momentum to fade in the coming months.
Banks including Morgan Stanley, Goldman Sachs Group Inc. and Barclays Plc upgraded their estimates for full-year gross domestic product expansion closer to 5%, while the Australia & New Zealand Banking Group now sees 5.1% growth for 2025.
Official data released Tuesday showed the economy has held up surprisingly well in the face of US tariffs, thanks to resilient exports as well as policy support for …