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China’s Capital Goods Prices Showed Mixed Trends in Mid-April

Beijing, April 24, 2024, The Europe Today: Official data released by China’s National Bureau of Statistics (NBS) on Wednesday revealed that a majority of the capital goods monitored exhibited higher prices in mid-April compared to early April.

According to the NBS, out of the 50 major goods categorized across nine sectors, including seamless steel tubes, gasoline, coal, fertilizer, and various chemicals, 34 goods reported price increases during the specified period, while 16 goods experienced price declines.

The mid-April data also indicated a 1.3 percent decrease in hog prices compared to earlier figures, as reported by the NBS.

These statistics, published every 10 days, are derived from a survey conducted among nearly 2,000 wholesalers and distributors operating across 31 provincial-level regions throughout China.

The observed trends in capital goods prices reflect ongoing market dynamics and provide valuable insights into price movements within key sectors of China’s economy. The NBS data serves as a crucial indicator for policymakers, analysts, and businesses, facilitating informed decision-making and economic analysis amid changing market conditions.

This periodic monitoring of price fluctuations underscores the importance of maintaining stability and transparency in China’s economic landscape, ensuring effective management of supply chains and market dynamics across various industries.