China saw continued improvement in factory-gate prices last month, with the decline in its producer price index (PPI) continuing to narrow, according to official data on Monday.
The PPI, which measures costs for goods at the factory gate, went down 0.9 percent year on year in February. This decrease narrowed from a 1.4-percent decline registered in the previous month, data released by the National Bureau of Statistics showed.
"Rising global metal prices have pushed up factory-gate prices in some industries. Prices for products from sectors such as non-ferrous metal mining and beneficiation, as well as non-ferrous metal smelting and rolling processing, continued to rise year on year," said Liu Nancun, economist at Analysis and Forecasting Division at Price Monitoring Center under National Development and Reform Commission.
On a monthly basis, the PPI rose 0.4 percent in February, maintaining the same rate of increase recorded in January, the data revealed.
NBS statistician Dong Lijuan attributed the month-on-month PPI rise and the narrowing decline in the index year on year to factors including the upward trend of international commodity prices, the rapid growth of demand in some domestic industries, and the effectiveness of macro policies.
China's PPI has increased on a monthly basis for five consecutive months, Dong said, noting that this trend has been fueled, in particular in February, by the upward trend of international non-ferrous metal and crude oil prices that drove up prices of related domestic industries, and the growth of computing power which also increased demand in some industries and resulted in corresponding price increases.
Monday's data further showed that China's consumer price index (CPI), a main gauge of inflation, rose 1.3 percent year on year in February. On a month-on-month basis, the CPI increased by 1 percent last month.
China's PPI down 0.9 pct in February in sign of narrowing decline
China's PPI down 0.9 pct in February in sign of narrowing decline
China's PPI down 0.9 pct in February in sign of narrowing decline
China's push toward a greener future is once again in the spotlight at this year's annual political "two sessions", as lawmakers are reviewing a draft ecological environment code, a significant step toward establishing a comprehensive legal framework for ecological protection.
The draft code was submitted on March 5 to the ongoing fourth session of the 14th National People's Congress (NPC), China's top legislature, for deliberation.
Once adopted, it will become China's second formal statutory code, after the Civil Code, which was adopted in 2020.
The rule of law has been continuously strengthened to support the country's green progress. China already has more than 30 laws related to environmental protection, along with over 100 sets of administrative regulations and more than 1,000 sets of local rules.
The latest legislative move comes amid China's historic gains in ecological conservation over the past decade or so. Championing green development, the country has recorded the world's fastest growth in forest resources and afforestation, led globally in renewable energy development, and achieved one of the fastest national reductions in energy intensity worldwide.
The 1,242-article draft has five chapters, covering areas including pollution control, ecological protection, and green and low-carbon development.
Scholars involved in drafting the legislation say the code goes beyond broad legal principles. It is also designed to address environmental issues that affect people's daily lives.
"Electric vehicles are becoming very common in China. My family has one. We all think it environment-friendly. But have you ever thought about this question: how do we deal with the first generation of EV batteries after they expire a few years later? The same goes for wind turbine blades and solar panels," said Ding Lin, assistant professor of the Renmin University of China.
China's environmental progress has drawn global attention in recent years, from improving air quality to expanding renewable energy. Yet amid geopolitical tensions and economic uncertainty, some observers have questioned whether the country will maintain the same pace of green transition.
"Last year during the COP30, even some friends who are very familiar with China asked me whether China will continue its green development path. I told them we have gradually worked out new policies. We have a very clear direction and goal. In a world full of uncertainties, we are providing the most certainty," said Wang Yi, an NPC deputy from east China's Zhejiang Province and professor of the Chinese Academy of Sciences.
In a country pursuing modernization, taking the time to codify environmental laws sends a clear message: economic growth and environmental protection are not a trade-off to be managed, but a commitment to be upheld. For China, a beautiful environment is not a luxury for the future, it is a right for the present, and a responsibility to the next generation.
"This code reflects China's vision of harmonious coexistence between humanity and nature. It shows how development and environmental protection can move forward together," said Lyu Zhongmei, vice chair of the NPC Environmental Protection and Resources Conservation Committee.
China will accelerate the green transition across the board and cut carbon dioxide emissions per unit of the GDP by a total of 17 percent in the 2026-2030 period, according to a draft outline of the 15th Five-Year Plan (2026-30) for national economic and social development submitted to the NPC for deliberation on March 5.
Chinese lawmakers review draft ecological environment code in major green legislative push
