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China: China's economy maintains steady progress in 2025
【Voice_over】 The World Bank has recently revised its economic outlook for China, increasing its growth forecast by 0.4 percentage points to 4.9 percent. The bank sighted the country's fiscal and monetary policies which have helped boost domestic consumption and investments, as well as increasing export demands from developing countries as reasons for their revised forecast. The International Monetary Fund, meanwhile, raised its 2025 economic outlook for China to five percent, and raised its 2026 economic outlook by 0.3 percentage points to 4.5 percent. And the Organization for Economic Cooperation and Development raised its forecast for China's economic growth by 0.1 percentage point from 4.9 percent to 5 percent in its December report. The OECD's representative in China described the country's economic performance as "resilient". 【Sound_bite】 Tamas Hajba, head, OECD Beijing Office: "I would definitely start with 'resilience'. Regardless of the external environment, the tariffs and the pressure in foreign trade, China's economy performed well. It achieved 5.2-percent growth in the first three quarters of the year." 【Voice_over】 China's foreign trade has also shown resilience, experts say. From January to November 2025, imports and exports of goods increased by 3.6 percent year on year. Experts point to the country's precise macroeconomic control measures as having played a role in the revised numbers including the issuance of more than 183 billion U.S. dollars in ultra-long-term special treasury bonds, and monetary policies that have been adjusted from "prudent" to "moderately loose". [Restrictions: No access Chinese mainland]
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