JPMorgan: Raises China's 2025 GDP Growth Forecast

Zhu Haibin, Chief Economist of J.P. Morgan China and Head of Greater China Economic Research, has released his latest views, adjusting the forecast for China's economic growth in 2025. Specifically, J.P. Morgan has raised its forecast for the full-year GDP growth rate in 2025 and increased the GDP growth rate (quarter-on-quarter annualized growth rate) for China's second to fourth quarters to 3%. In terms of monetary policy, Zhu Haibin maintains the forecast that the People's Bank of China will cut interest rates by 30 basis points and the reserve requirement ratio by 100 basis points in 2025, believing that the central bank's monetary policy flexibility has increased. (Shanghai Securities News)