China 2022-01-15T04:04:50+02:00
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Means of production prices fall in China

Means of production prices fall in China

goods, China, prices, statistics, PRC
Residents buy pork at a wholesale market in Hohhot, north China's Inner Mongolia Autonomous Region. Photo by Xinhua/Peng Yuan.
Residents buy pork at a wholesale market in Hohhot, north China's Inner Mongolia Autonomous Region. Photo by Xinhua/Peng Yuan.

Most of capital goods monitored by the Chinese government registered lower prices in mid-November compared with early November, official data showed, according to The Xinhua News Agency reports.

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, according to the National Bureau of Statistics.

Hog prices gained 5.4% 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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