BEIJING (Reuters) – Nomura has upgraded its forecast for China’s 2025 GDP growth to 4.5% from 4.0%, according to a note from the investment bank on Thursday.
It cited China’s higher-than-expected Q4 2024 growth and more investments due to the popularity of AI startup DeepSeek as reasons for the upgrade.
(Reporting by Xiuhao Chen and Ryan Woo; Editing by Christina Fincher)
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