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06.12.21 12:46

Economics

Means of production prices fall in China

The readings are based on a survey of nearly 2,000 wholesalers

Most of capital goods monitored by the Chinese government registered lower prices in late November compared with mid-November, official data showed Monday, as reported by Xinhua News Agency, a partner of TV BRICS.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 16 reported rising prices during the period, 29 registered lower prices, while five saw prices remain unchanged, according to the National Bureau of Statistics.

Hog prices gained 2.8 percent in late November compared with that in mid-November.

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

Photo: pexels.com

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Grigory Karasin

Head of the Russian Federation Council Committee on International Affairs

"More than 40 states are applying for BRICS membership. Every month the number of such countries is increasing. This shows that such a free, flexible form of interaction through BRICS is very attractive"

Kazem Jalali

"We are happy that the Russian Federation is chairing the BRICS framework. We have decided to participate at the highest level in all BRICS events that are taking place in the Russian Federation"