AI Data Insight
In 2025, China's Total Industrial Producer Price Index (PPI) was reported at 97.4 (down 2.6% YoY), deteriorating further from 97.8 in 2024 and staying below the boom-bust line for the third consecutive year. Data shows that industrial overcapacity and weak domestic demand remain core pain points. Despite official promotion of "anti-involution" policies, corporate pricing power remains under pressure, and the shadow of deflation lingers.