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Prices of most capital goods fall in China

Xinhua , April 15, 2024 Adjust font size:

Employees work at a steel plant in Qian'an, Hebei province. [Photo/Xinhua]

BEIJING -- Most of the capital goods monitored by China's statistics authorities registered price decreases from late-March to early-April, official data shows.

Of the 50 major goods classified in nine categories, including seamless steel tubes, gasoline and fertilizer, 26 saw price declines, 20 reported heightened prices, and 4 remained unchanged, according to the National Bureau of Statistics.

Hog prices increased 0.7 percent to 15.3 yuan ($2.16) per kg during this period, the NBS said.

The figures, released every 10 days, are based on the survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions across the country.