Aerial view of the self-realized wind power installation platform “HuaXia Honghu 01” after being delivered to the Cimc Raffles construction base on March 6, 2025 in Yantai, Shandong province in China.
VCG | Visual China Group | Getty images
The National Consumer Price (IPC) index of China in February fell into the negative territory for the first time since January of last year, has dropped a drop in prices for food, tobacco and alcohol.
The IPC decreased by 0.7% last month compared to the previous year, the data published Sunday by the National Bureau of Chinese Statistics showed, reversing an annual shift of 0.5% in January.
Reading lacked estimates of an annualized contraction of 0.5%, according to a reuters survey of economists.
The Chinese ICC in February dropped by 0.2% on a monthly basis, compared to an increase of 0.7% in January.
Data comes as investors continue to seek signs that Beijing recovery measures can help stimulate the country’s economic recovery.
On Wednesday, China set its GDP target for 2025 to “around 5%” and established plans to stabilize economic growth by supporting domestic demand.
Beijing has also revised its annual objective of consumer price inflation at “approximately 2%” – the lowest in more than two decades – against 3% or more in previous years, according to the Asia Society Policy Institute.
The new objective of inflation would serve more as a ceiling than as a target to be made.
Econists say that China’s growth objective of around 5% this year could be difficult to reach, especially in the middle of constant and constant domestic consumption and an increasing commercial dispute with the administration of the American president Donald Trump.
– Evelyn Cheng and Anniek Bao of CNBC contributed to this report.
