Chinese investment in building materials to keep growing: NDRC

Chinese investment in building materials to keep growing: NDRC
Published: 25 May 2007

China’s building material industry will see twin rises in both production and sales as downstream demand will remain robust in 2007, officials with the National Development and Reform Commission (NDRC) were quoted by Shanghai Securities News as saying.  
 
The judgment was already proved in the sector’s performance in the first quarter of the year. According to NDRC data, the sector realised a profit of CNY6.54bn (US$854m) in Jan.-Feb., a YoY increase of 122 per cent.  
 
The first quarter marks a good beginning for the industry, and related investment will grow by a relatively fast speed in the first half of 2007, also according to NDRC.  
 
In the first quarter, the country produced 241.82Mt of cement, up 14.5 per cent YoY.