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Xinhua Credit
Economy

Means of production prices rise in China

December 05, 2019


Abstract : Most of the capital goods monitored by the government posted higher prices in late November compared with the previous 10 days, official data showed Wednesday.

BEIJING, Dec. 4 (Xinhua) -- Most of the capital goods monitored by the government posted higher prices in late November compared with the previous 10 days, official data showed Wednesday.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 30 saw their prices increase during the period, 17 posted lower prices and three saw their prices unchanged, according to the National Bureau of Statistics.

The price of live pigs went down 5.2 percent in the last 10 days of November while that of liquefied natural gas went up 3.4 percent, 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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Keyword: China economy production prices

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