In a strategic move to stabilize the economy amidst various uncertainties, the majority of provinces, municipalities, and autonomous regions across China have set their consumer price index (CPI) target at 2 percent for 2025. This marks a reduction of one percentage point from the previous year’s target.
Local governments view the lowered CPI target as a more achievable goal in the face of both domestic and international market fluctuations. To support this objective, they are implementing a range of economic stimulus measures aimed at boosting consumer demand. These initiatives include providing subsidies for new car and equipment purchases as well as distributing coupons to shoppers in major malls across the country.
Officials believe that these efforts will not only help in maintaining price stability but also encourage economic growth by increasing consumer spending. As China navigates through uncertain economic terrains, these targeted measures reflect a proactive approach to sustaining long-term economic health.
Reference(s):
China's provincial-level governments set 2% CPI target for 2025
cgtn.com
