Capital goods prices fall in China
The majority of capital goods in China posted lower prices in early February compared to late January, official data showed on Tuesday.
The data showed that about 50 goods were monitored by the government, which include seamless steel tubes, gasoline, coal, fertiliser, and some agricultural products mainly used for processing.
According to the National Bureau of Statistics, twelve posted higher prices, and 35 saw prices decline.
“The statistics showed that Hog prices dropped by 2.1 per cent in early February to ¥14 (about $2.05) per kg.
“The figures are published every 10 days and based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions across the country,’’ it said.
(Xinhua/NAN)
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