1050 GMT - The stronger-than-expected tariff cut between U.S. and China suggests a smaller drag expected on China's growth and less demand for policy easing this year, Goldman Sachs analysts write in a note. Goldman Sachs raised its forecasts for China's export volume to remain flat, compared with a previous estimate of a contraction of 5%, citing easing tensions between U.S. and China. Although the path forward for tariffs remain uncertain, China's real exports will likely be roughly flat this year, GS says, raising its 2025 real GDP growth forecast to 4.6% from 4.0% and its 2026 GDP growth forecast 3.8% from 3.5%. That said, given the uncertainties between U.S. and China, the private sector sentiment may remain fragile, they add. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 13, 2025 06:50 ET (10:50 GMT)
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