World Bank Briefing: Unlocking Consumption Potential to Support Sustainable Economic Growth in China

Zhitong
2025.06.13 06:07

The latest issue of the China Economic Brief released by the World Bank on June 13 analyzes that in the first quarter of 2025, China's GDP is expected to grow by 5.4% year-on-year, supported by policy measures that boost consumption and a recovery in housing sales in major cities. Maya Ha, Director of the World Bank's China Office, believes that under external and domestic economic challenges, boosting household consumption is key to maintaining China's economic growth. Strengthening protections for migrant workers and gig economy groups will help reduce the demand for precautionary savings, thereby encouraging more spending. This brief, titled "Unlocking Consumption Potential," indicates that a more proactive fiscal policy, through expanding public investment and targeted support for residents, will support China's economic growth

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