Construction Materials. China's building materials sector experienced robust growth in January-November 2021

China's building materials sector experienced robust growth in January-November 2021, with value-added growth reaching a record high in the past seven years, according to data from the PRC Ministry of Industry and Informatization.

According to the data, in the first 11 months of 2021, the total value added of the sector increased by 8.9 percent. on an annualized basis. The growth rates turned out to be 6.6 percentage points. higher than in the same period in 2020.

The aggregate operating revenue of companies in this sector increased by 14.1%. on an annualized basis to 5.9 trillion yuan / about 926 billion US dollars /, and their total profit reached 515 billion yuan, up 15.5 percent. more compared to the same period in 2020.

In terms of basic materials, the production of flat glass increased by 8.4%. on an annualized basis, while cement production decreased by 0.2 percent. compared to the same period in 2020.

Source: russian.news.cn