China’s construction materials market activities are still weak

Almaty. October 5. Silkroadnews – China’s construction materials market activities are still weak, China Daily reported.
“China’s building materials sector remained weak as government restrictions on the property market continued to weigh on it,” the report said.
It is noted that in the first eight months cement production fell 0.5% to 1.5 billion tonnes, versus 2.5% growth observed in the same period last year. The glass output increased 5.6%, which is 3% more than in the same period last year. Meanwhile, compared to a month earlier, the factory price for cement fell 0.9% in August.
The real estate market in China’s major cities has stagnated due to government’s steps taken to prevent speculation.
According to official data, investment in China’s real estate sector grew 7.9% year on year in January-August, unchanged from the growth in the first seven months.