反內卷政策見成效，8 月多項價格指標勢頭向好

The Producer Price Index (PPI) has ended its consecutive 8-month downward trend on a month-on-month basis, and the year-on-year decline has narrowed for the first time since March this year. The core Consumer Price Index (CPI) has seen its year-on-year growth rate expand for four consecutive months... On September 10, the National Bureau of Statistics released the CPI and PPI data for August, signaling positive signs of price improvement. Multiple market institutions believe that anti-involution policies are expected to continue optimizing market competition order, coupled with the gradual implementation and effectiveness of domestic demand expansion policies, as well as the low base effect in the fourth quarter, both CPI and PPI are expected to rise moderately. (Securities Times)