Moody’s Investors Service raised its forecast for China’s GDP growth in 2025 to 4.2 percent from 4 percent, expecting credit conditions to stabilize and Beijing’s stimulus efforts since September to mitigate some of the potential impact of U.S. tariff increases.
In contrast, data from the Ministry of Finance showed that China's fiscal revenues in the first 11 months of 2024 fell by 0.6 percent compared to the previous year. That is a slight improvement from the 1.3 percent decline in the January-October period.
Fiscal spending grew by 2.8 percent in the same period, compared to an increase of 2.7 percent in the first 10 months of this year.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
