TechFlow, May 13 — According to Jinshi Data, JPMorgan Chase's Chief Economist for China and Head of Greater China Economic Research, Haibin Zhu, has released a new outlook adjusting its forecast for China's economic growth in 2025. Specifically, JPMorgan has raised its full-year GDP growth forecast for 2025 and upgraded China’s GDP growth rate from Q2 to Q4 (quarter-on-quarter annualized rate) to 3%. On monetary policy, Zhu maintains his previous forecast that the People's Bank of China will cut interest rates by 30 basis points and reduce reserve requirement ratios by 100 basis points in 2025, noting that the central bank’s policy flexibility has increased.
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