BEIJING, Oct 16 (APP): The consumer market in China showed stability in September, as indicated by data from the National Bureau of Statistics.
The consumer price index increased by 0.1 percent from the previous month, though it fell by 0.3 percent compared to the same period last year. Core consumer price index, stripping out food and energy fluctuations, climbed by 1.0 percent year on year, continuing its upward trend for the fifth month in a row.
This consistent growth in core prices points to strengthening domestic demand. The overall consumer price index lingers in negative territory, but the reduction in its decline stems largely from comparisons with higher figures from the prior year. Producer price index, tracking prices at the factory level, held steady from August to September, marking the second month without change.
Such figures suggest progress in balancing supply and demand across the economy. Certain industries have achieved price steadiness, even as sectors tied to petroleum face downward pressure from international influences. These developments highlight the role of sustained economic strategies in China, including efforts to forge a cohesive national market and advance industrial structures, according to an article published by CEN.
The core inflation rate has reached its highest point in 19 months, underscoring firmer internal economic activity. Analysts anticipate a mild rebound in consumer prices for the full year, potentially averaging 0.1 percent growth. This outlook aligns with broader projections, where the World Bank has adjusted its forecast for China’s gross domestic product expansion in 2025 to 4.8 percent, nearing the official target of around 5 percent. The International Monetary Fund has similarly revised its expectations upward, citing moderated tariff impacts amid global conditions.
These positive signals emerge against a backdrop of external strains. Global demand remains soft, particularly in major markets like the United States, affecting manufacturing output across Asia. In China, bank lending in September grew less than anticipated, influenced by seasonal patterns and lingering credit caution. Yet, the economy is transitioning toward higher-quality development, with policy measures supporting this shift. Near-term growth is building momentum, even as structural adjustments address financial risks and long-term constraints.
Internationally, the tariff war has not deterred China’s trajectory. From the opium wars to the cold war era, external adversities have often spurred internal reforms and innovation. Today, stimulus measures continue without forcing abrupt rebalancing, focusing instead on sustainable growth. Despite challenges like weak credit expansion and persistent producer deflation, which has lasted over two years in some accounts, the narrowing of price declines signals resilience.
Looking ahead, China’s approach prioritizes domestic vitality over reactive concessions. The unified market fosters efficiency, while industrial enhancements drive productivity. International bodies recognize this potential, with upward revisions reflecting confidence in policy efficacy despite trade headwinds. As global economies navigate uncertainties, including revived protectionism, China’s steady core inflation and stabilizing prices offer a counterpoint to narratives of inevitable slowdown.
Factually speaking, these economic indicators affirm a path of measured advancement. By addressing internal demands and external threats through strategic policies, China positions itself for enduring stability. The world watches as this balance unfolds, reminding us that true progress arises not from isolation but from adaptive strength.