Hey there! 😊 Have you ever noticed that sometimes prices at the store go up over time? That’s called inflation, and it’s measured by something called the Consumer Price Index, or CPI for short.
Recently, provinces across the Chinese mainland have set a goal for their CPI to be 2% by the year 2025. But what does that mean?
Well, a 2% CPI target means they want prices to rise slowly—just by 2%—which is lower than before. Last year, their target was 3%, so aiming for 2% is a big step!
Why are they doing this? 🤔
With lots of things changing in the world, like markets and economies, the local governments think it’s a good idea to keep prices steady. They want to make sure things don’t get too expensive for people.
To help everyone, they’re planning some cool things:
🚗 Giving money back to people who buy new cars or equipment. Imagine getting a bonus when you buy a new bike or computer!
🛍️ Offering coupons to shoppers in big malls. So when people go shopping, they can save money!
These ideas are all about helping people buy the things they need and want, without spending too much. It’s like a big plan to keep life affordable and fun! 🎉
Reference(s):
China's provincial-level governments set 2% CPI target for 2025
cgtn.com
