[JPMorgan: Raises China's 2025 GDP Growth Forecast] Zhu Haibin, Chief China Economist and Head of Greater China Economic Research at JPMorgan, shared his latest insights, adjusting the forecast for China's economic growth in 2025. Specifically, JPMorgan has raised its forecast for China's full-year GDP growth in 2025 and revised up the GDP growth rate (quarter-on-quarter annualized growth rate) from Q2 to Q4 2025 to 3%. On the monetary policy front, Zhu Haibin maintains his forecast that the People's Bank of China will cut interest rates by 30 basis points and reduce the reserve requirement ratio (RRR) by 100 basis points in 2025, believing that the central bank's monetary policy flexibility has increased.