China Stocks Rally Despite Soft Consumption Data and Rising Trade Tensions
FX Empire·2025-10-09 03:43
GDP Outlook Strengthens Despite Near-Term ChallengesDespite weak sentiment toward the Golden Week holiday, economists continue to raise GDP projections for 2025. The World Bank projected GDP growth of 4.8%, up from April’s 4.0%, while expecting the economy to expand by 4.2% in 2026. The World Bank attributed the slowdown in 2026 to weaker external demand and fewer fiscal stimulus measures.The outlook for 2026 contrasts with expectations of Beijing setting a 4.5% to 5% GDP growth target for the year.CN Wire ...