China is expected to achieve a prominent GDP growth of 4.8 percent in 2025 and 4.2 percent in 2026, up from the previously forecasted 4.0 percent for both years in April, according to the World Bank's latest East Asia and Pacific Economic Update released on Tuesday.
The upward revision is attributed to robust export performance and sustained manufacturing output, while considering expectations of a slowdown in export growth, potential reductions in fiscal stimulus, and ongoing structural economic challenges.
Similarly, the region is also expected to grow at 4.8 percent in 2025, up from the previously forecasted 4.0 percent.
China