JPMorgan: Upgrades China's GDP growth forecast for 2025

GateUser-6433627c · 2025-05-13T08:23:52+00:00

JPMorgan has raised its forecast for China's economic growth in 2025, predicting an annual GDP growth rate of 3% for the year, while keeping its forecast for China's Central Bank's monetary policy unchanged. Zhu Haibin believes that the Central Bank's monetary policy flexibility has increased.

GateUser-6433627c

2025-05-13 08:23:52

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[J.P. Morgan: Raises China’s GDP growth forecast for 2025] J.P. Morgan’s Chief Economist for China and Head of Greater China Economic Research, Zhu Haibin, expressed his latest views and adjusted the expectations for China’s economic growth in 2025. Specifically, J.P. Morgan has raised its forecast for the full-year GDP growth rate for 2025, and increased the GDP growth rate (seasonally adjusted annualized growth rate) for China’s second to fourth quarters to 3%. In terms of monetary policy, Zhu Haibin maintains the forecast of a 30 basis points rate cut and a 100 basis points reserve requirement ratio cut by the People’s Bank of China in 2025, believing that the flexibility of the Central Bank’s monetary policy has increased. (Shanghai Securities News)

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