Aerial View of Self-Propelled Jack-up Wind Power Installation Platform “Huaxia Hongu 01” After Being Delivered at Cimc Raffles’ Yantai Construction Base on Mark 6, 2025 in Yantai, Province of China.
VCG | Visual China Group | Getty Images
China’s National Consumer Price Index (CPI) in februry fell into negative territory for the first time since January last year, weighed down by a decline in food, tobacco and alcohol perikes.
The cpi declined by 0.7% last month from a year earlier, data Published Sunday by China’s National Bureau of Statistics Showed, Reversing a year-on-yar gain of 0.5% in January.
The Reading Missed Estimates of Annualized Contraction of 0.5%, According to a Reuters Poll of Economists.
China’s cpi in February fell 0.2% on a monthly Basis, meanl, compared to a risk of 0.7% in January.
The data comes as investors continue to look for signs that beijing’s stimulus measures can help to boost the country’s Economic Recovery,
China on Wednsday set its gdp target for 2025 at “Around 5%“And laid out plans to stabilize Economic growth by proppping up domestic demand.
Beijing also Revised Down Its Annual Consumer Price Inflation Target to “Around 2%” – The Lowest in More Than Two Decades – From 3% Or Higher in Prior Years, According to the Assia Society institti.
The new inflation goal would act more as a ceiling than a target to be realized.
Econmists Say China’s growth target of around 5% this year may be challenging to achieve, particularly amid percestantly weak domestic consumption and an Escalating Trade Dispute With us President Donald Trump’s Administration.
– CNBC’s Evelyn Cheng & Anniek Bao Contributed to this Report.
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