China is expected to contribute around a quarter of global growth this year, which is a "very important contribution", said Marshall Mills, senior resident representative of the International Monetary Fund in China.

In an exclusive interview with China perspectives on the sidelines of the 2025 Tsinghua PBCSF Global Finance Forum, Mills said there might be an upward revision of the fund's 2025 economic growth forecast for China if recent tariff rollbacks and strong first-quarter growth momentum are maintained.

"With these positive developments, there is a potential upside. We'll have to look at all the factors together and provide an updated forecast in due course," Mills said, adding that the first-quarter results of China's economic growth were a welcome positive surprise.