Air view of the self -driving wind performance installation platform “Huaxia Honghu 01” after delivering it in Yantai, Province of Shandong, in Yantai, Province of Shandong on March 6, 2025.
VCG | Visual China Group | Getty pictures
The China National Consumer Price Index (CPI) in February fell into a negative area for the first time since January last year, which was recovered by a decline in food, tobacco and alcohol prices.
The CPI decreased by 0.7% last month compared to the previous year.
The reading missed the estimates of an annualized contraction of 0.5%, as can be seen from a Reuters survey among economists.
China's CPI in February fell by 0.2% per month, in the meantime compared to an increase of 0.7% in January.
The data comes when investors are still looking for signs that can help Beijing the stimulus measures to increase the economic recovery of the country.
China set its GDP target for 2025 on “around 5%” on Wednesday and plans to stabilize economic growth by supporting domestic demand.
According to the Asia Society Policy Institute, Beijing was also revised its annual goal in the inflation of consumer prices to “around 2%” – the lowest in the lowest in more than two decades – of 3% or higher.
The new inflation goal would act more as a ceiling than as a goal that is to be realized.
Econmists say that China's growth goal of around 5% could be a challenge this year, especially in view of the persistently weak domestic consumption and an escalating trade dispute with the administration of US President Donald Trump.
– Evelyn Cheng & Anniek Bao from CNBC contributed to this report.
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