Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds.<\/p>\n
Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government\u2019s target of \u201caround 5 per cent\u201d remains \u201clargely on track\u201d.<\/p>\n
The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent, in a report on Monday.<\/p>\n
The new forecasts follow China\u2019s announcement on Monday that its economy grew 4.8 per cent<\/a> year on year in the third quarter of 2025. That narrowly beat a 4.76 per cent estimate by Chinese financial data provider Wind and brought growth to 5.2 per cent for the first three quarters of the year.The revisions also came as the ruling Communist Party\u2019s Central Committee deliberates an outline for the next five-year plan at its fourth plenum<\/a>, which opened on Monday and concludes on Thursday.<\/p>\n On Tuesday, the party\u2019s mouthpiece, People\u2019s Daily, published a commentary by Wang Yiming, vice-chairman of the China Center for International Economic Exchanges, who stressed the institutional strengths of the country\u2019s five-year plans.<\/p>\n \u201cThe ability to \u2018draw a blueprint and follow it through\u2019 and to maintain a nationally coordinated approach has driven economic and social development… creating a rare miracle of rapid growth and long-term stability,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected…\n","protected":false},"author":2,"featured_media":517098,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[8669,51,1395,168627,3804,168628,168629,15397,1700,168630,168631,168632,2792,96268,26948,132105,16,15,53920],"class_list":{"0":"post-517097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-barclays","9":"tag-business","10":"tag-china","11":"tag-china-center-for-international-economic-exchanges","12":"tag-china-international-capital-corporation","13":"tag-communist-partys-central-committee","14":"tag-ding-shuang","15":"tag-domestic-demand","16":"tag-economy","17":"tag-external-headwinds","18":"tag-five-year-plans","19":"tag-fourth-plenum","20":"tag-goldman-sachs","21":"tag-peoples-daily","22":"tag-retail-sales","23":"tag-standard-chartered","24":"tag-uk","25":"tag-united-kingdom","26":"tag-wang-yiming"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115412458980188754","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/517097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=517097"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/517097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/517098"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=517097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=517097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=517097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}