AI Data Insight
DataTrack data indicates that China's Q4 2025 PPI fell to 396.3, representing a decline of approximately 2.6% from 406.9 in the same period last year. The overarching pattern of "strong supply, weak demand" remains unchanged, placing prolonged pressure on industrial prices and resulting in dozens of consecutive months of negative growth. Looking ahead, although policymakers are striving to "counter involution," caution is still warranted in the short term regarding the dual threat that overcapacity and sluggish domestic demand pose to corporate earnings.