China's cement growth slows in Nov 2011
Updated: 2012-01-04 10:43
BEIJING - China's building materials showed different momentum of growth in November 2011, with a slowing cement output growth and a speeding plate glass, according to latest statistics from the country's top economic planner.
Cement output growth in November 2011 stood at 11.2 percent year-on-year, 6.1 percentage points lower than previous year, while plate glass production expansion reached 7.1 percent year-on-year, quickening by by 0.5 percentage points from previous year.
Still, China's cement output reached 1.89 trillion tonnes in the first 11 months of last year, an increase 17.2 percent year-on-year, 1.6 percentage points faster than previous year.
The output of flat glass, a sector fraught with overcapacity and duplicated construction problems, rose 17 percent year-on-year to 6.82 trillion weight boxes in the January-November period of last year, according to the NDRC.
Profits of China's building materials industry surged 53.1 percent year-on-year to 243.7 billion yuan ($38.68 billion) in the first 11 months of 2011.
To curb the overcapacity and repeated construction in the flat glass sector, the NDRC said in a statement in October 2011 that it would take move nationwide to clear up projects for construction of flat glass production facilities.