World Bank lifts China 2025 GDP forecast to 4.8% ahead of a slowdown next year

The World Bank has boosted its 2025 growth forecast for China to 4.8 percent. However, it anticipates a slowdown next year. This is due to lower consumer and business confidence. Weak new export orders are also a concern. The East Asia and Pacific region's growth is also projected to rise. This outlook highlights a mixed economic picture ahead.