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J.P. Morgan's Chief Economist for China and Head of Economic Research for Greater China, Zhu Haibin, has expressed his latest views, adjusting the expectations for China's economic growth in 2025. Specifically, J.P. Morgan has raised its forecast for the annual GDP growth rate for 2025 and has increased the GDP growth rate for China's second to fourth quarters (quarter-on-quarter annualized growth rate) to 3%. In terms of monetary policy, Zhu Haibin maintains the prediction of a 30 basis point rate cut and a 100 basis point reserve requirement ratio cut by the People's Bank of China in 2025, believing that the Central Bank's monetary policy flexibility has increased. (Shanghai Securities News)

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