China 2021-04-15T04:03:16+03:00
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China's building materials sector reports growth in first two months

China's building materials sector reports growth in first two months

economy, China, statistics, PRC, building, Materials
China's building materials sector. Photo by Xinhua.
China's building materials sector. Photo by Xinhua.

China's building materials sector saw visible growth in the first two months of this year, according to the Ministry of Industry and Information Technology (MIIT), The Xinhua News Agency reports.

The sector's value-added output gained 45,7% year on year during the January-February period, reversing the previous downward trend, the MIIT said.

The reading was 10,6% points higher than the average industrial output growth of designated large enterprises with an annual business turnover of at least 20 million yuan (about $3.08 million).

On a year-on-year basis, China's cement output expanded 61,1% to reach 240 million tonnes, and that of plate glass grew 9,3% to 160 million weight boxes, MIIT data showed.

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