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Means of production prices fall in China

2019-11-04 13:29

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BEIJING, Nov. 4 (Xinhua) -- Most of the capital goods monitored by the government posted lower prices in late October 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, 29 saw their prices fall from Oct. 21 to 31, while 16 posted higher prices and five were unchanged, according to the National Bureau of Statistics.

Prices of live pigs went up 13.1 percent while liquefied petroleum gas dropped 2.1 percent.

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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