The Chinese economy has been resilient, but faces important challenges. We upgraded growth to 5% in 2025. Our recommendation is for comprehensive reforms, implemented with urgency, to rebalance China’s economy toward domestic consumption and away from exports. https://www.imf.org/en/news/articles/2025/12/10/pr-25415-china-imf-staff-completes-2025-article-iv-mission-to-the-peoples-republic-of-china(IMF)