Overseas banks lift China’s 2025 GDP outlook—What’s behind the optimism?

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  Overseas banks lift China's 2025 GDP outlook.

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  What's behind the optimism?

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  A commemoration marking 80 years since Taiwan's restoration will be held.

• 00:21

  What lessons does it hold for cross-strait unity today?

• 00:24

  And China overtook the United States as Germany's top trading partner,

• 00:30

  was driving this shift in global trade.

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  Welcome to World Today, a news program with a different perspective.

• 00:36

  I'm Ge'ana in Beijing.

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  To listen to this episode again or to catch up on previous episodes,

• 00:41

  you can download our podcast by searching World Today.

• 00:49

  Our top story,

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  several major banks forecast stronger economic growth for China this year,

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  despite external headwinds.

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  Investment bank Goldman Sachs has raised its full-year GDP growth forecast for 2025 from 4.8 to 4.9%,

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  noting that the government's target of around 5% remains largely on track.

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  Meanwhile,

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  British multinational banks Standard Chartered and Barclays have also their full-year growth projections for China in 2025.

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  The upward revisions come as the Communist Party of China's 20th Central Committee convened its first plenary session this week to chart the country's next five-year plan.

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  So for more on this, joining us on the line is Joseph Mahoney,

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  Professor of Politics and International Relations at East China Normal University.

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