CCCME News
China's building materials sector remains sluggish
BEIJING - China's building materials sector remained weak as the property market showed little signs of improvements, latest statistics from the country's top economic planner indicated.
Cement output fell 4.7 percent year on year to 1.7 billion tons in the first three quarters, in contrast to the 3-percent gain seen during the same period last year, the National Development and Reform Commission (NDRC) said on its website.
Output of flat glass dropped 7.5 percent, compared with the 3.8 percent rise in the same period last year.
Meanwhile, compared with a month earlier, the factory price of cement edged down 0.8 percent in September.
The data came as the property sector, a major consumer of cement and flat glass, is plagued by a nationwide supply glut, especially in third-tier cities.
Housing investment rose 2.6 percent year on year from January to September, down 0.9 percentage point from the first eight months and down 2 percentage points from the first half of the year. New home construction dropped 12.6 percent year on year in the period.
Slower investment and construction underscored a major home glut in lower-tier Chinese cities, and analysts predict it will take several years before existing homes find buyers.
RECENT NEWS
-
Executives of Standard Bank Head Office Pays a Visit to CCCME
2025-03-25 -
CCCME President Zhang Yujing Attends the “Investment Promotion Conference of Hung Yen Province, Vietnam”
2025-03-24 -
CCCME Vice President Liu Chun Meets with the U.K. South Yorkshire Mayor Oliver Coppard
2025-03-24 -
China-France Business Council Exchange & Visit in Chongqing Successfully Held
2025-03-21 -
2025 Wuxi Electric Vehicle High-Quality Overseas Exploration Cooperation Signing Ceremony and Global Launch Ceremony of New Electric Vehicle Models Successfully Held
2025-03-20