利好来了！集体宣布：上调！

Core Viewpoint - Multiple foreign institutions have raised their GDP growth forecasts for China in 2025 following better-than-expected economic data, indicating a positive outlook for the Chinese economy and trade relations with the U.S. [1][2][4] Economic Forecasts - Morgan Stanley has increased its 2025 GDP growth forecast for China from 4.5% to 4.8% due to strong global demand for Chinese products, proactive trade policies, and rising corporate profits [2][3] - Goldman Sachs has adjusted its 2025 and 2026 GDP growth forecasts for China to 4.7% and 3.9%, respectively, up from 4.6% and 3.8% [4] - ANZ Bank has raised its 2025 GDP growth forecast to 5.1%, significantly higher than the previous estimate of 4.2%, citing strong export and domestic consumption performance [5] Economic Performance Indicators - China's GDP grew by 5.3% year-on-year in the first half of 2025, with industrial output increasing by 6.4%, and high-tech manufacturing growing by 8.7% [3] - Retail sales increased by 5.0% year-on-year, reflecting a recovery in consumer spending [3] Trade Relations and Chip Exports - AMD plans to resume exports of its MI308 chip to China, following U.S. government approval, marking a significant shift in U.S. export policy towards China [7][8] - The approval of H20 chip exports to China is expected to enhance Nvidia's profitability and indicates progress in U.S.-China trade negotiations [10]