BEIJING - 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 points.

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

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"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."