Chinese property market boosting demand for cement
Published by Joseph Green,
Editor
World Cement,
A mild recovery in the housing market has relieved some pressure on the struggling Chinese economy. Home prices in China rose for a fifth consecutive month in September.
The sector, which accounts for 15% of GDP, has become a source of hope in an economy that is predicted to grow at its slowest pace in 25 years this year.
Average new home prices increased 0.3% in September from August. The same pace as in August.
Economists at ING have announced that such a revival in new home starts could signal property to become an economic growth driver again next year, boosting demand for construction materials from cement to steel.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/asia-pacific-rim/23102015/chinese-property-market-boosting-demand-cement-834/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
