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Aerial view of the self -propelled wind power installation platform “Huaxia Hongu 01” after being delivered at the Yantai construction base of CIMC Raffles on March 6, 2025 in Yantai, China province of Shandong.
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China’s National Consumer Price Index (CPI) fell in February in a negative territory for the first time since January last year, heavy due to a decrease in food prices, tobacco and alcohol.
The CPI decreased by 0.7% last month from a previous year, data published On Sunday by the National Office of Statistics of China was shown, to reverse an interannual gain of 0.5% in January.
Reading lost estimates of an annualized contraction of 0.5%, according to a survey of reuters economists.
China’s CPI in February fell 0.2% monthly, meanwhile, compared to an increase of 0.7% in January.
The data occurs as investors continue to look for signs that Beijing’s stimulus measures can help boost Economic recovery.
China established its GDP target on Wednesday by 2025 in “about 5%“And it establishes plans to stabilize economic growth by shoring domestic demand.
Beijing also reviewed its annual objective of consumer prices inflation to “about 2%”, the lowest in more than two decades, of 3% or more in previous years, according to Asia Society Policy Institute.
The new inflation objective would act more as a roof than a goal to be carried out.
Economists say The growth objective of China of around 5% this year can be difficult to achieve, particularly in the midst of persistently weak internal consumption and a Increasing commercial dispute With the administration of the president of the United States, Donald Trump.
– Evelyn Cheng and Anniek Bao of CNBC contributed to this report.
