Means of production prices rise in China

Most of the capital goods monitored by the Chinese government posted higher prices in late August compared with mid-August this year, according to official data.

Of the 50 major goods monitored by the government, which include seamless steel tubes, gasoline, coal, fertilizer and some agricultural products mainly used for processing, 25 saw their prices increase, while 24 posted lower prices, according to the National Bureau of Statistics.

Hog price gained 5.1 percent in late August to 22.5 yuan ($3.3) 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.
Source: China Daily