China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.

The economy expanded at a 3% rate in the second quarter and just 1.4% in the first. This is the third of three estimates for GDP that the BEA makes, and the BEA revised its estimate up by three-tenths of a percentage point.

The U.S. economy grew more than initially appreciated in the third quarter, extending a solid stretch of economic expansion.

The World Bank raised on Thursday its forecast for China's economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year.