Cement industry in China – additional information
As a common construction material that is used to bind other materials together, cement belongs to the essential materials that make modern life possible. Few construction projects can take place without the use of cement. Cement is especially important for fast-growing economies. China has by far the largest cement industry in the world. In 2010, China accounted for more than half of global cement production. Since 2000, China’s cement production has increased almost threefold.
The explosive growth in cement production correlates with China’s economic expansion. While urbanization and industrialization advance in China, the demand of cement rises sharply. According to the National Bureau of Statistics of China, the net output of the construction industry grew at a 15 percent annual average between 2006 and 2013. Houses, roads and bridges have been built here with phenomenal speed over the past three decades.
Installing and upgrading physical infrastructure has been a significant driver of economic growth in China, since reliable roads and railways are indispensable for a modern economy. Over the last decade, the total length of public roads in China has grown by an impressive ten percent per annum. A major benefit, particularly for rural areas, has been the modernization of domestic transportation infrastructure. Boosting public investment on infrastructure has also been applied by local and central government to counteract sluggish economic growth.