On December 15, Fu Linghui, spokesperson for the National Bureau of Statistics, stated that in November, the Producer Price Index (PPI) continued its month-on-month increase, marking two consecutive months of growth. The year-on-year decline remained largely stable compared to the previous month, generally maintaining the narrowing trend observed since August.

Recent PPI data reflects positive developments. Overall, the two consecutive months of month-on-month PPI growth indicate that supportive factors for a reasonable price recovery are continuing to accumulate. However, it should be noted that the PPI still shows a year-on-year decline, and further efforts are needed to solidify the foundation for a stable price rebound.

In the next phase, efforts will focus on expanding domestic demand, strengthening the domestic economic cycle, advancing the development of a unified national market, enhancing capacity management in key industries, improving supply-demand dynamics, and promoting reasonable price recovery to support business operations.