HSBC Global Research raises forecasts for China's GDP

HSBC Global Research has raised its forecast for China’s economic growth to 4.8 percent in 2025 and 4.5 percent in 2026, citing Beijing’s increasing policy support.

Previously, it had expected growth of 4.5 percent and 4.4 percent, respectively, for the two years.

However, it cautioned that recent data shows the economy faces higher pressure from its embattled real estate sector while tariff risks are set to weigh on demand.

STAFF REPORTER