Morgan Stanley, in its report, raised its forecast for China's real GDP growth for 2025 from 4.5% to 4.8%, vs 4.6% in street consensus, citing resilient exports and notable fiscal front-loading that support infrastructure construction and consumption trade-in programs.The broker maintained its expectation for China's economic growth rate to fall below 4.5% in 2H25, influenced by factors such as easing exports, diminishing effects of fiscal stimulus, and persistent deflationary pressures. Related NewsMoody's: CN Econ Shows Resilience in 2Q, But Lacks Depth in ExpansionMorgan Stanley projected China's real GDP to grow by 4.5% and 4.2% YoY in 3Q25 and 4Q25, respectively.