(MENAFN) China's Production of construction materials division fell in the eight months to August driven by the ongoing weakness of the property market, based on recent reports.
Cement output slipped 5 percent y-o-y to 15 billion tons, whereas flat glass creation came down 8 percent in the cited period, thus both products faced a price drop.
Meanwhile, to overcome this slowdown, the central bank has cut benchmark interest rates four times since last November and lowering banks' reserve requirement ratio.
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