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Construction material sector sees double-digit growth

(Xinhua)
Updated: 2009-07-18 13:15

China's construction material sector reported a double-digit growth in added value in the first five months thanks to fast fixed-assets investment growth, according to the Ministry of Industry and Information Technology.

The added value was up 13.6 percent in January-May period and expanded 16 percent in May, 2.2 percentage points higher than the previous month.

Cement output hit a new monthly record of 150 million tons in May, up 13.5 percent year on year. It topped 570 million tons in the first five months, up 13.3 percent year on year.

Prices of construction materials expanded 1.76 percent in May year on year and cement price was 283 yuan ($41.43) per ton in May, up 0.56 yuan from April.

(For more biz stories, please visit Industries)