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Prices of most production goods increase in China

Abstract : Most major production goods monitored by the government posted higher prices in mid-December compared with the previous 10 days, official data showed.

BEIJING, Dec. 27 (Xinhua) — Most major production goods monitored by the government posted higher prices in mid-December compared with the previous 10 days, official data showed.

Of the 50 goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, the price of 33 goods rose during the period, while 13 posted dropping prices and four saw their prices unchanged, according to the National Bureau of Statistics (NBS).

Liquefied natural gas led the upward trend with a 26.3-percent growth in prices, followed by methanol and polyester filament, according to the NBS.

The reading, released every 10 days, is based on a survey of nearly 2,000 wholesalers and distributors in 31 provinces and regions. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Prices of most production goods increase in China

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