AMRO：2025年关于中国的年度咨询报告（英文版）

China’s growth is expected to remain stable through the remainder of 2025 and into 2026. Subdued household income growth, negative property wealth effects, and an uncertain global trade environment will constrain domestic demand and weigh on exports and manufacturing investment. Nevertheless, infrastructure investment and continued fiscal support are expected to help cushion growth. GDP growth is projected at 5.0 percent in 2025 and 4.6 percent in 2026, with headline inflation remaining flat