宏观经济数据点评：2月外贸增速和价格指数整体偏弱

Trade Data - In the first two months of 2025, China's total goods trade value was 6.54 trillion RMB, a year-on-year decrease of 1.2%[6] - Exports amounted to 3.88 trillion RMB, an increase of 3.4%, while imports were 2.66 trillion RMB, a decrease of 7.3%[6] - In USD terms, total trade value was 909.37 billion USD, down 2.4%[6] Price Indices - In February 2025, the Producer Price Index (PPI) fell by 2.2% year-on-year and 0.1% month-on-month[7] - The average PPI for January-February 2025 decreased by 2.2% compared to the same period last year[7] - The Consumer Price Index (CPI) dropped by 0.7% year-on-year in February 2025, with food prices down 3.3%[9] Economic Outlook - Weak trade growth and price indices indicate a sluggish recovery in the domestic economy, with potential pressures on future trade growth due to a complex external environment[3] - The persistent weakness in consumer demand may adversely affect corporate profits and investment activities, hindering the positive feedback loop of economic growth[3][16] - The government aims for a GDP growth of around 5% in 2025, with a focus on boosting domestic consumption and investment efficiency[17]