China's consumer prices in June are expected to stay stable as abundant vegetable supply offsets rising industrial costs, experts said Monday following the release of key economic data.
China's consumer price index (CPI), a main gauge of inflation, was down 0.1 percent year on year in May, official data showed on Monday.
On a monthly basis, the CPI dipped 0.2 percent last month, according to the National Bureau of Statistics (NBS).
The core CPI, which excludes food and energy prices, climbed 0.6 percent year on year in May, accelerating from a rise of 0.5 percent registered in April.
"From the perspective of the eight major CPI categories, seven categories recorded year-on-year price increases while only transportation and communication saw a decline -- presenting a 'seven-up, one-down' trend. The drop in transportation and communication prices was primarily driven by lower gasoline and diesel costs due to the declining international crude oil prices," said Liu Nancun, an economist at the Analysis and Forecasting Division of the Price Monitoring Center under the National Development and Reform Commission.
Among the core CPI figures, prices of non-energy industrial consumer goods rose by 0.6 percent year on year, with the growth rate expanding by 0.2 percentage points from the previous month.
Price gains for gold jewelry, household textiles, and recreational durable goods all widened. In the services sector, vehicle rental fees, airfares, and tourism prices all shifted from decline to growth.
China's producer price index (PPI), which measures costs for goods at the factory gate, went down 3.3 percent year on year in May, said the NBS.
On a monthly basis, the PPI dropped 0.4 percent in May, according to the NBS.
The NBS attributed the decline of PPI to falling international crude prices, which drove down domestic prices in petroleum-related industries, as well as a seasonal slowdown in demand for energy and raw materials, with coal prices easing and construction activity disrupted by hot and rainy weather in southern regions.
Cao Hui, researcher of Sublime China Information Co., Ltd, said consumer prices will keep stable in June due to stable vegetable supply.
"Industrial goods saw significantly improved export prospects, with nonferrous metals markets strengthening as a whole. As temperatures rise in June, coupled with large-scale new wheat harvests and stable vegetable supply, resident consumption prices are expected to remain within a reasonable range," she said.
China's consumer prices to stay stable in June with abundant vegetable supplies: experts
South China's Guangdong is seeing a surge in winter tourism, as visitors from around the world flock to the province, drawn by its mild climate, supportive travel policies, and increasingly diverse tourism experiences.
One of Guangdong's most popular winter attractions is its hot springs. Just an hour's drive from Guangzhou city proper, Conghua District is home to what are known as the "rare hot springs", naturally rich in radon, which is believed to offer health benefits. For many visitors, these natural, mineral-rich waters provide a welcome escape from colder temperatures.
Guangdong is home to many hot spring resorts. And the business model is clearly evolving. They are not just selling the views, they are selling the whole experience.
Dusit Devarana Hot Springs and Spa is China's first hot spring joint venture, backed by state-owned investors and run by a premium resort group from Thailand.
"It's peaceful, the air is clear, the water is nice — it feels like Southeast Asia," said Mrs. Ye, a tourist in the resort.
That Southeast Asian influence is evident in both the service and the Northern Thai-style architecture, with custom-made decorations imported straight from the Land of Smiles.
For travel agencies, a warm winter is reshaping demand — with families and group travel leading the way.
Tourists now prefer hotels with shared spaces for gatherings, said Che Qianhui, marketing director of local travel agency Day Day Holiday. Government consumption vouchers are also driving demand, Che said. The top voucher offers 300 yuan off a 1,500-yuan purchase, including some hotels — and they're usually snapped up within five minutes, she added.
The resort is expected to receive large crowds during the upcoming Spring Festival, which falls on February 17, 2026.
"During the Spring Festival, we expect occupancy between 90 and 100 percent. Over the New Year holiday, our rooms were fully booked, with more than 700 visitors to the hot springs every day. We've added family activities and cultural experience offerings, moving beyond a simple health retreat. About 70 percent of new revenue now comes from regions north of the Yangtze River in China, and there are also international visitors from Europe, the Middle East, and Africa," said Shao Yingda, general manager of Dusit Devarana Hot Springs and Spa in Conghua.
To attract more tourists, Guangdong has issued 20 million yuan (2.9 million U.S. dollars) in vouchers. The wider ripple effect could generate around 200 million yuan in total economic activity.
However, vouchers and promotions can only go so far. Across China — and around the world — traditional tourism destinations face the same challenge: how to stay fresh, stand out from similar offerings, and remain competitive over time. That puts the focus on policy design, sustainability, and how to attract international visitors.
"Globally, when per capita GDP surpasses 10,000 U.S. dollars, it enters a leisure stage. Yet many tourism products still focus on traditional sightseeing. International tourists cannot simply be seen as an extension of domestic travelers. Domestic and international travelers have different needs, and destinations must offer customized, in-depth experiences to compete globally," said Li Yaoqi, professor and director of the Cultural and Tourism Consumption Research Center of Sun Yat-sen University.
With growing policy support for both domestic and international travel, this winter is shaping up to be more than just a seasonal getaway. It's also a test of how tourism adapts to changing demand.
Mild climate, policy support, new experiences attract more tourists worldwide to Guangdong
