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Means of production prices rise in China

XINHUA

發布於 2023年07月24日08:48 • Rong Jiaojiao,unreguser

A staff member works at a warehouse of Shougang Jingtang United Iron & Steel Co., Ltd. in Tangshan, north China's Hebei Province, July 22, 2023. (Xinhua/Zhu Xudong)

BEIJING, July 24 (Xinhua) -- Most of the capital goods monitored by China's statistical authorities registered higher prices in mid-July compared with early July, official data showed Monday.

Of the 50 major goods classified in nine categories, including seamless steel tubes, gasoline, coal, fertilizer, and some chemicals, 30 reported higher prices in the period, 17 saw price declines, while the prices of three remained unchanged, according to the National Bureau of Statistics (NBS).

Specifically, the price for liquefied petroleum gas went up 2.1 percent in mid-July compared with early July, while the liquefied natural gas price decreased by 3.4 percent.

During the same period, the hog price dropped 1.4 percent, NBS data also revealed.

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

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