00:00The International Monetary Fund has raised China's 2025 growth forecast to 4.8%, up from 4 in April.
00:08The IMF cites stronger-than-expected performance in the first half of 2025, and a sharp drop in US-China tariffs.
00:18A key driver, it said, was the trade deal struck in May that eased trade tensions and lowered tariff rates.
00:24China's 2026 outlook was also lifted by 0.2 points and 4.2%.
00:29Beijing recently posted 5.2% growth in Q2, but analysts caution hit winds ahead for the export-heavy economy.
00:38The IMF's upgrade came as China and the US agreed in Stockholm to push for an extension of their tariff truce.
00:45The IMF also projected higher tariffs to stay on hold for all countries, even after the tariff deadlines pass.
00:52Globally, the IMF now projects 3% growth in 2025 and 3.1% in 2026, both slightly higher than April estimates.
01:01It also upgraded growth for emerging markets to 4.1%, up from 3.7%, but warned that trade tensions remain a major risk.
01:09Greatktown.
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