China: China's building materials industry recorded USD29bn in net profit in the first nine months of 2011, up by 59.5% compared to the same period of 2010 according to data from the National Development and Reform Commission (NDRC). Of the total, the cement manufacturing industry contributed USD10.2bn, up by 150% on the year.
The NDRC also revealed that China's cement output in the first nine months of 2011 amounted to 1.51Bnt, up by 18.1% year-on-year. The output growth rate was up by 2.2% compared to that of 2010.