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UBS Wang Tao Estimates CN 2025 GDP to Grow 3.7-4%, Scale of Additional Fiscal Stimulus to Drop
Recommend 3 Positive 1 Negative 3 2025/05/13 03:28 GMT
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China’s GDP growth in 2025 is projected to reach 3.7%-4%, contingent on the final U.S. tariff rates on Chinese products and the scale of additional policy stimulus of China, said Head of Asia Economics and Chief China Economist, UBS Investment Bank, Tao Wang. The recent de-escalation of U.S.-China trade tensions may reduce the potential scale of additional fiscal stimulus in 2025, said Wang. Amid persistent deflationary pressures and high uncertainty, the People’s Bank of China is expected to cut interest rates by an additional 20-30 bps in 2025, while the government will further promote real estate destocking. AAStocks Financial News |
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