China’s building materials sector sees steady growth

BEIJING, (Xinhua) – The output of China’s building materials sector expanded in the first eight months of this year, official data showed.

From January to August, major building materials all posted a rise in their output. The output of cement and flat glass registered a year-on-year growth of seven per cent and 5.2 per cent, respectively, according to the National Development and Reform Commission.

The output of cement increased by 5.1 per cent year on year in August, while flat glass also rose 5.1 per cent.

The data came as the property sector, a major consumer of cement and flat glass, saw growing investment in the first eight months.

China’s investment in property development grew 10.5 per cent year on year in the January-August period, official data showed.