China sees decline in capital goods prices

Official data showed that China posted a decline in the prices of most capital goods that are monitored by the Chinese government at the start of the current February month in comparison with the earlier 10 days.

The National Bureau of Statistics said that 26 out of the 50 main goods that are monitored by the government, such as seamless steel tubes, gasoline, coal, fertilizer and some chemicals, dropped in prices in the period from the 1st of February to the 10th, seven goods saw their prices increase and 17 remained unchanged.

Live pigs saw their prices increase 2.4 percent, and the prices of liquefied natural gas declined 3.3 percent.

The figure is published every 10 days and is based over a survey covering around 1,700 wholesalers and distributors in 24 provincial-level regions.
Source: MENAFN