Outlook on China's Building Materials IndustryChina International Economic Consultants (CIEC)April 15, 2024Development and Prospect of China’s Building Materials Industry in 2001Building materials industry is closely related to the development cycle of the national economy. In recent years, China has implemented a series of policies such as the pro-active fiscal policy and the expansive monetary policy. Accordingly, the national economic growth has rallied. While the world economy generally slid by a wide margin, China still managed to achieve a relatively high GDP growth rate of 7.3% in 2001. Underpinned by the fast national economic growth, the economic operation quality of China’s building materials industry continued to improve steadily in 2001 on the basis of a substantial rebound in 2000. According to latest monthly statistics, the basic economic operation situation of the building materials industry in 2001 were as follows: the yearly industrial added value hit 102.3 billion yuan (referring to state-owned industrial enterprises and non-state owned industrial enterprises with annual sales of over 5 million yuan, and the same below), up 11.65% over the previous year, which was slightly higher than the goal of 9-10% set at the end of 2000; the yearly sales revenue amounted to 314.6 billion yuan, up 11.07% over the previous year; the yearly profits totaled 11.891 billion yuan, up 26.81% over the previous year, which was slightly more than the goal of about 11 billion yuan set at the end of 2000; the annual import and export value of building materials and non-metallic mineral commodities stood at 5.672 billion US dollars, up 12.12% over the previous year, of which export accounted for 3.3 billion...
