Citi cut China's GDP growth forecast to 4.2% from 4.7% for 2025, citing rising external risks. Citi said in a note that high tariffs could drag China's growth further by at least 1.5 percentage points on an annualised basis,

Goldman Sachs revised down its economic growth forecasts for China, citing the expected negative effect of tariffs on the country’s economy and labor market. The bank now projects China’s real gross domestic product to rise 4% in 2025 and 3.