The ShangThe Shanghai Composite edged up 0.09% to 4,132, while the Shenzhen Component fell 0.35% to 14,161 on Wednesday, as mainland markets delivered a mixed performance amid persistent deflationary pressures.
Data showed consumer prices rose less than expected in January, while producer prices declined for a 40th consecutive month, underscoring entrenched price weakness.
Investors are now focused on a key parliamentary meeting in March, where authorities are set to outline this year's economic targets and may announce additional stimulus measures.
The People's Bank of China also pledged further financial support to bolster domestic demand, as excess industrial capacity and soft consumption continue to weigh on confidence and growth prospects.
On the corporate front, media stocks extended gains on optimism surrounding ByteDance's new AI video-generation model.
Beijing Enlight Media rose 5.1%, while Beijing Jetsen Technology advanced 4.7%.

Sumber : Trading Economics