Skip to main content

Chinese property market boosting demand for cement

Published by
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:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


Embed article link: (copy the HTML code below):