# trade‑in policy

China Says Low CPI Is Structural and Phased as Core Inflation Tickes Up — Policy Push Aims to Reflate Demand

China’s National Bureau of Statistics reported 2025 GDP growth of 5.0% and a flat headline CPI, while core inflation edged up to 0.7%. Officials said the low CPI reflects both international price movements and structural features of China’s economy, and they expect targeted fiscal and consumption measures to support a gradual rebound in domestic prices.