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China's growth seen slowing to 4.5% in 2025 as US tariffs bite - REUTERS

JANUARY 14, 2025

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Summary

  • China Q4 GDP seen growing 5.0% y/y, vs 4.6% in Q3
  • GDP growth seen at 4.5% in 2025, 4.2% in 2026
  • Inflation seen at 0.8% in 2025, 1.4% in 2026
  • C.bank seen cutting key policy rate by 10 bps in Q1
  • C.bank seen cutting RRR by at least 25 bps in Q1

BEIJING, Jan 14 (Reuters) - China's economic growth is likely to slow to 4.5% in 2025 and cool further to 4.2% in 2026, a Reuters poll showed, with policymakers poised to roll out fresh stimulus measures to soften the blow from impending U.S. tariff hikes.

Gross domestic product (GDP) likely grew 4.9% in 2024 - largely meeting the government's annual growth target of around 5%, helped by stimulus measures and strong exports, according to the median forecasts of 64 economists polled by Reuters.

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