(MENAFN) China's building materials sector continued to decrease as the property market remained sluggish despite fewer government restriction, last statistics from the country's top economic planner indicated, QNA reported.
Cement output grew 1.9 percent annually to 2.3 billion tons in the first 11 months, pulling back 7.3 percentage points from the rate seen during the same period last year, the National Development and Reform Commission (NDRC) said.
Output of flat glass gained 2.4 percent, retreating 9.2 percentage points from a year earlier, local media added.
Meanwhile, the prices of cement and flat glasses decreased in November. Compared with a months earlier, the factory price of cement edged down 0.5 percent, and flat glass moved down 4.2 percent in November.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.