Yang Shi Wang·2025-07-26 03:48Economic Growth Predictions - Several foreign financial institutions have raised their forecasts for China's economic growth following the release of Q2 economic data, with many making consecutive adjustments within six months [1] - Morgan Stanley increased its 2025 growth forecast by 0.3 percentage points, while other institutions like DBS, Nomura, and Goldman Sachs raised their forecasts by 0.3, 0.5, and 0.6 percentage points respectively [1] Industrial Performance - The strong performance of the industrial sector, including electricity, construction, and manufacturing, has been a key driver of economic activity, maintaining growth for 15 consecutive months [3] - Policies such as the appliance replacement program and consumer subsidies have effectively boosted retail sectors, particularly in home appliances, smartphones, and automobiles [3] International Trade - Demand for Chinese exports from economies outside the U.S. remains robust, contributing to a trade surplus in the first half of the year [5] - High net inflows of trade funds and strong export data have been noted by foreign financial institutions [3] Manufacturing Sector - China's manufacturing sector is highlighted as a key strength, supported by a complete industrial system that provides solid backing for the domestic market and serves global markets [10] - The acceleration of high-end, intelligent, and green development in manufacturing is a focal point for foreign research reports [10] Technological Advancements - China is significantly enhancing the added value of its manufacturing, focusing on high-tech and green products such as semiconductors, artificial intelligence, electric vehicles, lithium batteries, and robotics [10] - The country is making substantial progress in global technological advancement and introducing high-quality new products to the global market [10] Economic Resilience - Foreign financial institutions describe China's economy with the term "resilience," attributing this to continuous policy support, improving macroeconomic conditions, and various micro-level highlights [12] - The economy is characterized as "flexible," capable of adapting to various domestic and international economic situations while maintaining stable growth [15][16]