China’s cement producers rally on low-income housing report

China’s cement producers rally on low-income housing report
Published: 16 November 2010

China’s cement producers rose in Shanghai after the Shanghai Securities News reported on the government’s draft plan to build 13 million low-income apartments in two years.

Anhui Conch Cement Co., China’s largest cement maker, gained 4.3 per cent to CNY24.12 at 11:22 a.m. local time. Hebei Taihang Cement Co. and Chongqing Taiji Industry (Group) Co. rose by 10 per cent daily limit.

China’s policy makers will focus on providing more affordable apartments for low-income families in the five years from 2011 to 2015, Shanghai Securities News said, citing a plan drafted by a property association.