Friday, October 9, 2015   

Building materials sector sluggish in China
(07-29 16:40)

China's building materials sector remained sluggish as the property market showed no signs of warming, latest statistics from the country's top economic planner indicated.
Cement output rose 3.6 percent year on year to 1.14 billion tonnes in the first half of 2014, slowing 6.1 percentage points from the expansion seen during the same period last year, the National Development and Reform Commission (NDRC) said on its website.
Output of flat glass rose 4.7 percent, down 6.1 percentage points from a year earlier.
Prices also remained on a downward track. Compared with a month earlier, the factory gate price of cement went down 1.8 percent, and that of flat glass was unchanged.
The data pointed to the continuing weakness in the property market, a major consumer of cement and flat glass. Data showed the average home price in 70 Chinese cities slipped 0.47 percent from the previous month, marking a second consecutive monthly drop following a 0.15-percent fall in May. --Xinhua   
Other Business breaking news:
China launches global yuan payments ‘superhighway’ (10-08 22:16)
US jobless aid filings fall by 13,000 (10-08 21:52)
Police seize data, documents from Volkswagen headquarters (10-08 21:50)
US blue chips drop ahead of Fed minutes (10-08 21:48)
Bank of England majority favored 0.5pc interest rate, minutes show (10-08 19:31)
Regina Miracle shares leap by 16pc on trading debut (10-08 17:13)
European benchmarks lower (10-08 16:55)
Nikkei closes lower (10-08 14:13)
Shanghai stocks leap by 3.8pc (10-08 12:38)
Pacific trade deal fails Hillary Clinton test (10-08 12:21)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.