The World Bank on Thursday released its latest China Economic Update in Beijing, raising its 2025 economic growth forecast for the world's second-largest economy by 0.4 percentage point.

The World Bank said that accommodative fiscal and monetary policies supported domestic consumption and investment. Simultaneously, demand from developing countries sustained exports.

"China's growth in the coming years will depend more on domestic demand," said Mara Warwick, World Bank division director for China, Mongolia and Korea. "In addition to short-term fiscal stimulus, advancing structural reforms of the social protection system and creating a more predictable environment for businesses can help boost confidence and lay the groundwork for resilient, sustainable growth."