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Economy

【Financial Str. Release】Means of production prices fall in China

November 04, 2021


Abstract : Most of capital goods monitored by the Chinese government registered lower prices in late October compared with mid-October, official data showed.

BEIJING, Nov. 4 (Xinhua) -- Most of capital goods monitored by the Chinese government registered lower prices in late October compared with mid-October, official data showed.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 22 reported rising prices during the period, 27 registered lower prices, while one saw price remain unchanged, according to the National Bureau of Statistics.

Hog prices gained 23.4 percent in late October compared with that in mid-October.

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

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Keyword: means of production Financial Str. Release

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