BEIJING, Dec. 6 (Xinhua) Most of capital goods monitored by the Chinese government registered lower prices in late November compared with mid-November, offic
Means of production prices decline in China
Xinhua
04 Jun 2021, 14:30 GMT+10
BEIJING, June 4 (Xinhua) Most capital goods monitored by the government reported lower prices in late May compared with mid-May, official data showed on Friday. Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 30 registered declined prices during the period, 16 posted increased prices and four saw their prices remain unchanged, according to the National Bureau of Statistics. Ferrous metal and chemical products led the downward trend, and the majority of farm produce also saw lower prices during the period. Construction steel rebar prices fell 13.6 percent, and those of seamless steel tubes and hogs respectively dropped 5.7 percent and 3.8 percent.