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Home Foreign

Means of production prices fall in China

The Matters Press by The Matters Press
November 25, 2021
Reading Time: 1 min read
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Coronavirus hits hard as China records 811 deaths

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Most of capital goods monitored by the Chinese government registered lower prices in mid-November compared with early November, official data showed on Wednesday.

According to the National Bureau of Statistics (NBS), of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 14 reported rising prices during the period, 35 registered lower prices, while one saw price remain unchanged.

Hog prices gained 5.4 per cent in mid-November compared with that in early November.

The readings, released every 10 days, are based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions.

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