Citi Bank upgraded its 2025 China growth forecast to 5%, citing strong first-half growth and resilient exports. The bank anticipates a potential suspension of Trump-era tariffs on Chinese goods, predicting continued export strength despite a projected decline in US-bound shipments. Deflationary pressures may lead to government interventions, including a potential interest rate cut and fiscal stimulus. Citi expects the central bank to cut its main policy rate and the finance ministry to boost fiscal stimulus by $69.8 billion.

Prepared by Christopher Adams and reviewed by editorial team.