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Economy News

Means of production prices rise in China

Most of capital goods monitored by the Chinese government registered higher prices in early April compared with late March, official data showed Thursday.

Of the 50 major goods monitored by the government, such as seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 25 reported rising prices during the period and 21 logged lower prices, according to the National Bureau of Statistics.

Hog prices climbed 2.5 percent in early April from that in late March.

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

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