Construction Material Industry 2009 Economic Operation Report

China’s construction material exports haddropped since August 2008 due to the global financial crisis. There after the growth of the domestic construction material industry slowed while production for some products declined. Thanks to the government’s macro-economic measures of "ensuring growth and expanding domestic demand", the industry reversed the decline in growth in the second half of 2009. Major construction material makers in China, which include companies with annual sales of at least RMB5 million and all state-owned companies, reported combined sales revenue of RMB2.1 trillion in 2009, up 22.6% from ayear earlier. They posted combined profit of RMB150 billion, up 22.5% from a year earlier. The gross profit margin of the domestic construction material sector averaged 15% in 2009. Although prices of raw materials, fuels, and