1、1 China Economic Update(June 2025)UNLOCKING CONSUMPTION Special Focus:Jobs in Transition Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedChina Economic Update-June 2025 II 2025 International Bank for Reconstruction and Development/The W
2、orld Bank 1818 H Street NW Washington DC 20433 Telephone:202-473-1000 Internet:www.worldbank.org This work is a product of the staff of The World Bank.The findings,interpretations,and conclusions expressed in this work do not necessarily reflect the views of The World Bank,its Board of Executive Dir
3、ectors,or the governments they represent.The World Bank does not guarantee the accuracy of the data included in this work.The boundaries,colors,denominations,and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any
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5、ion to this work is given.Any queries on rights and licenses,including subsidiary rights,should be addressed to World Bank Publications,The World Bank Group,1818 H Street NW,Washington,DC 20433,USA;fax:202-522-2625;e-mail:pubrightsworldbank.org.Cover Photo:Eastfenceimage/Shutterstock China Economic
6、Update-June 2025 III Acknowledgements The June 2025 issue of the China Economic Update was prepared by a team comprising Kevin Chua(Task Team Leader),Yusha Li(co-Task Team Leader),Jun Ge,Elitza Mileva,Daisuke Fukuzawa,Dewen Wang,Yang Huang,Maria Ana Lugo,Marius Vismantas,Shichao Zhou,Sailesh Tiwari,
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