Financial news

Means of production prices fall in China

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Via China Daily

Citizens in Zhengzhou buy pork at a local supermarket. [Photo/IC]

BEIJING – Most of the capital goods monitored by the government posted lower prices in mid- November compared with the previous 10 days, official data showed Monday.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 31 saw their prices fall during the period, 15 posted higher prices and four saw their prices unchanged, according to the National Bureau of Statistics.

Prices of non-ferrous metals led the fall during the period, while those of cement and flat glass increased.

The price of live pigs went down 13.5 percent from the first 10 days of the month, showed the data.

The reading, released every 10 days, is based on a survey of nearly 1,700 wholesalers and distributors in 24 provincial-level regions.


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