BEIJING (Commodity Online) : World’s second largest and the fastest growing economy, China’s cement demand is to remain strong this year, according to China Cement Association.
In a report issued here CCA said country’s demand for cement may grow 12% year on year to nearly 2.1 billion metric tons this year.
CCA said Chinese government's increase in investment in water projects will be a new driver for the cement consumption.
In late January, the Chinese government announced plans to double its annual investment in water projects to 4 trillion yuan over the next ten years.
Last year, China produced 1.87 billion metric tons of cement, representing an increase of 15.5% compared with 2009. The output of cement clinker rose 10.4% year on year to 1.15 billion metric tons.
Seven provinces, including Jiangsu Province, Shandong Province, Sichuan Province, Hebei Province and Guangdong Province, saw their annual cement output each exceed 100 million metric tons.
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