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.
Vcg | Visual China Group | Getty images
The National Consumer Price Index (CPI) of China in February fell into 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 the previous year, the data published on Sunday by the National Office of Statistics of China showed that reverting 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.
Data occurs as investors continue to look for signs that Beijing’s stimulus measures can help boost the country’s economic recovery.
China established its objective of GDP on Wednesday for 2025 in “around 5%” and established plans to stabilize economic growth by underpinning 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 that China’s growth objective of around 5% this year can be a challenge of achieving, particularly in the midst of persistently weak internal consumption and an intensive 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.
