Cement Industry Receives Soaring Fixed Asset Investment in First Four Months

June 5,2008  From www.chinainfoworld.com

(June 5)--The Chinese building materials industry completed RMB78.5bn in fixed asset investment in the first four months of 2008, rising by 43.5% over the same period of last year, with the cement, deep-processed glass, heat and sound insulation materials enjoying the highest investment growth rates. More specifically, the cement industry absorbed 54.6% more funds year-on-year with the total at RMB16.7bn and the growth rate climbing by 14.5 percentage points over the first quarter of 2008. By comparison, the investment growth rates in cement products, building sand and stone, glass fiber advanced plastic products building sanitary ceramics, waterproof materials and glass fiber all declined.

(Editor: Haijing Qu)