Means of production prices fall in China

BEIJING - Most of the capital goods monitored by the government saw lower prices in mid-July compared with early July, data from the National Bureau of Statistics showed on Sunday.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer, and some agricultural products mainly used for processing, 42 saw their prices decline, while five posted higher prices.

Hog price rose 1.3 percent from early July to came in at 22.6 yuan ($3.35) per kg.

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