Beijing: The World Bank raised its 2025 growth forecast for China, the world's second-largest economy, by 0.4 percentage points on Thursday. According to Yemen News Agency, in its latest economic update on China, the World Bank stated that accommodative fiscal and monetary policies have supported domestic consumption and investment, while demand from developing countries has helped bolster exports. "China's growth in the coming years will depend more heavily on domestic demand," said Mara Warwick, World Bank Country Director for China, Mongolia, and the Republic of Korea. She added that "in addition to short-term fiscal stimulus, structural reforms to the social security system and creating a more predictable business environment can help boost confidence and pave the way for robust and sustainable growth."
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