China's Inflation Turns Positive in February But Outlook Remains Challenging

China's consumer inflation turned positive for the first time in 6 months in February, up 0.7% year-over-year
The increase was partly due to Lunar New Year holiday spending, and analysts say the boost is likely to fade
China fought weak prices in 2022 due to property slumps, stock declines, and weak consumer sentiment
Deflation persists in producer prices, falling 2.7% in February, indicating soft demand
Beijing faces challenges stimulating growth and fighting deflation to meet 5% GDP target and 3% inflation goal for 2023