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MNI BRIEF: China New CPI Target Reflects Downward Pressure

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MNI (BEIJING) - China’s lower CPI target of around 2% in 2025, down from 3% last year, shows prices face more downward than upward pressure, said Chen Changsheng, deputy director of the Research Office at the State Council on Wednesday.

Chen, who assisted drafting this year's work report, told reporters that the government aimed to promote a moderate recovery in prices through increasing macro policies to boost consumption and improve the balance between supply and demand. 

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MNI (BEIJING) - China’s lower CPI target of around 2% in 2025, down from 3% last year, shows prices face more downward than upward pressure, said Chen Changsheng, deputy director of the Research Office at the State Council on Wednesday.

Chen, who assisted drafting this year's work report, told reporters that the government aimed to promote a moderate recovery in prices through increasing macro policies to boost consumption and improve the balance between supply and demand. 

Keep reading...Show less