Air display of self -propelled platform for installation of Huaxia Honghu 01 wind farm installation after March 6, 2025. In Yantai, Cinema Province, Cimc Raffles’ Yantai Construction Base.
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The Chinese National Consumer Price Index (CPIs) fell on a negative territory for the first time after January last year, a dug is a decline in food prices, tobacco and alcohol.
CPI decreased by 0.7% last month compared to the year earlier, data published On Sunday, the Chinese National Institute of Statistics showed in January, reversing a profit of 0.5% in January.
Reading has missed an annual contraction estimates of 0.5%, according to an economist Reuters survey.
In February, Chinese CPI fell 0.2% on a monthly basis compared to an increase of 0.7% in January.
Data come because investors are still looking for signs that Beijing’s stimuli measures can help strengthen the country economic recovery.
China set her GDP aim for 2025 on Wednesday. “About 5%“And set out plans to stabilize economic growth by raising domestic demand.
Beijing also revised its annual goal to inflation of consumer prices on “About 2%” – the lowest in more than two decades – compared to 3% or more in previous years, according to the Institute of Asian Society’s Politics.
The new goal of inflation would act more as a ceiling than the goal that will be achieved.
Econmists say The Chinese goal of growth of about 5% this year may be challenging to achieve, especially in the middle of persistently weak domestic consumption and escalating trade dispute with the administration of US President Donald Trump.
– Evelyn Cheng and Anniek Bao CNBC contributed to this report.
