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Economy

Means of production prices rise in China

March 04, 2022


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

Aerial photo taken on Nov. 23, 2021 shows a train being loaded at a loading station of a coal mine in Erdos, north China's Inner Mongolia Autonomous Region. (Xinhua/Li Zhipeng)

BEIJING, Feb. 8 (Xinhua) -- Most of capital goods monitored by the Chinese government registered higher prices in late January compared with mid-January, official data showed Tuesday.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 30 reported rising prices during the period, 13 registered lower prices, while seven saw prices remain unchanged, according to the National Bureau of Statistics.

Hog prices lost 1.4 percent in late January compared with that in mid-January.

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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