Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 News - Adv. Search
    Yemen's leader praises 'deep-rooted friendship', 'cooperative' ties with India
    Civil society forum protests ICICI Bank’s minimum balance hike in savings accounts, writes to govt
    Asian shares advance ahead of Trump's deadline for imposing higher tariffs on Chinese goods
    New Data Debunks Cat Food Myths with Veterinary Support on International Cat Day
    WORLD’S YOUNGEST PARAGLIDING PILOT SAESHA MANGESH RAUT MAKES HISTORY WITH ENTRY INTO HIGH RANGE WORLD RECORDS
    Co-writing the Poetry of Speed and Culture: CTCC Ordos race Concludes Successfully
    NEWS SCHEDULE
    Foreign News Schedule for Aug 11, Monday
    Markets trade higher in early trade amid fresh foreign fund inflows, rally in US peers
    Rupee rises 8 paise to 87.50 against US dollar in early trade
    Pak Army chief Munir repeats anti-India rhetoric in US
    Secretary Expenditure Shri V. Vualnam presides over the Foundation Day celebration of Indian Cost Accounts Service (ICoAS) Day 2025 in New Delhi
    Trump yet to decide on tariffs over China’s Russian oil purchase: Vance
    Kalyan civic body's order for closure of meat shops on Independence Day sparks row
    Important cases listed in Supreme Court on Monday
    Centre's advertising budget up by 84% since 2020-21: TMC quotes official data
    Netanyahu defends new military offensive in Gaza and says it will be wider than announced
    Netanyahu defends new military offensive in Gaza, says it will be wider than announced
    UP: 19-year-old man arrested for kidnapping, raping, forcing Hindu girl to convert
    Delhi-bound Air India flight gets diverted to Chennai after snag

Are you sure you want to delete "My most important" ?

NOTE:

News

Back

All News

Showing Results for : Category : All
Reset Filters
Showing
Records
ExpandCollapse

    News

    Back

    All News

    Showing Results for : Category : AllReset Filters
    Case ID :

    Consumer prices fell in China in February, remain flat in sluggish economy

    March 9, 2025

    📋
    Contents
    Summary
    Note

    Note

    Note

    Bookmark

    print

    Print

    Beijing, Mar 9 (AP) Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the Lunar New Year holiday.

    The National Bureau of Statistics said Sunday that the consumer price index dropped 0.7 per cent in February compared to a year ago. On a monthly basis, prices were down 0.2 per cent from January.

    While many other countries wrestle with inflation, China's policymakers face flat to falling prices, and the possibility they could evolve into a deflationary spiral that would drag down the economy.

    The government stressed the need to increase domestic demand and consumer spending in an annual report last week to its ceremonial legislature, the National People's Congress, but held back on unveiling any dramatic new steps to boost the economy.

    The Lunar New Year, a time when spending rises for travel, dining out and entertainment, came in late January this year instead of February, as it's based on the cycles of the moon. Holiday spending helped drive the consumer price index up 0.5 per cent in January, but it then fell last month compared to 2024's elevated level.

    Factoring out the impact of the holiday, the index rose 0.1 per cent last month, Dong Lijuan, a statistician at the government's statistics bureau, said in a written analysis.

    That is still far lower than ideal. Last week's government annual report included an inflation target of 2 per cent for this year, but it is likely to fall far short of that goal. The consumer price index was flat in 2024, rising 0.2 per cent.

    A burgeoning trade war with the United States could add to China's economic headwinds.

    Besides the early Lunar New Year, two other factors contributed to falling prices in February, Dong said: Better weather boosted farm production, driving down the price of fresh vegetables and automakers also stepped up promotions to try to boost sales, reducing prices for new cars.

    The producer price index, which measures the wholesale price of goods, fell 2.2 per cent in February, the statistics bureau said. Producer prices have been falling more sharply than consumer prices, putting pressure on companies to cut labour and other costs. (AP) PY PY

    Topics

    ActsIncome Tax