According to data from the National Bureau of Statistics, China's Producer Price Index (PPI) declined by 0.9% in February, narrowing by 0.5 percentage points from the previous month and marking the third consecutive month of narrowing declines.
The continued effects of production capacity management in key industries and comprehensive rectification of China's anti-involution policy have yielded results. Photovoltaic equipment and component manufacturing prices increased by 3.2%, with the growth rate expanding by 2.7 percentage points from the previous month.
Written by Cora Ji, jiruyan@mysteel.com
