BR America       中文       Deutsch       Français       日本語       ChinAfrica
Search      Subscribe
Home      Nation      World      Business      Opinion      Lifestyle      Multimedia      Documents      Special Reports      Africa Travel
Latest Headlines
China's Building Materials Sector Picks up
 

China's building materials sector warmed up in the first three quarters this year as the country's housing market gained momentum, official data showed.

 

Cement output rose 2.6 percent year on year to 1.77 billion tonnes,compared with the 4.7 percent drop during the same period last year, said the National Development and Reform Commission (NDRC).

 

Output of flat glass increased 4.1 percent, compared with the 7.5 percent drop during the same period last year.

 

The data came as the property sector, a major consumer of cement and flat glass, gained momentum in the first nine months boosted by interest rate cuts and lower deposits.

 

Of 70 large and medium-sized cities surveyed in September, 63 saw new home prices climb month on month, according to the National Bureau of Statistics (NBS).

 

China's property sector investment rose 5.8 percent year on year in the first nine months of 2016, higher than 5.4 percent posted in the first eight months and 5.3 percent for the January-July period, according to the NBS.

 

However, the property market has become increasingly diversified, with major cities reporting record prices and smaller cities struggling with oversupply.

 

(Xinhua News Agency October 27, 2016)

About Us    |    Contact Us    |    Advertise with Us    |    Subscribe
Partners: ChinAfrica   |   China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CCTV   |   China Tibet Online   |   China Radio International   |   Beijing Today   |   gb times   |   China Job.com   |   Eastday   |   CCN
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860号
SHARE
Twitter
Facebook
Google+
WeChat
Weibo
Email
Print
Chinese Dictionary: