Means of production prices fall in China
PUBLISHED 2022-07-24 02:10:04
BEIJING - Most of the capital goods monitored by the government saw lower prices in mid-July compared with early July, data from the National Bureau of Statistics showed on Sunday.
A worker checks the operation of a carbon fiber production line at a factory in Lianyungang, Jiangsu province. [Photo by Geng Yuhe/for China Daily]
Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer, and some agricultural products mainly used for processing, 42 saw their prices decline, while five posted higher prices.
Hog price rose 1.3 percent from early July to came in at 22.6 yuan ($3.35) per kg.
The reading, released every 10 days, is based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions.