world news - 02.03.2004
China: Building Sector Strength
Chinas building industry, according to the latest data, realized yuan 720 billion in total output value in 2002, making up 7% of the Gross National Products. Of the total, output value from the national interior improvement and decoration sector was yuan 420 billion yuan representing a 30% year on year increase. According to local analysts, the annual growth in this sector will outpace national economic growth rates by at least 3 to 4 percent over the next 10 years.
ITTO
By 2010, it is expected that output value of the timber industry generated by the construction sector will exceed yuan 1000 billion, making the sector one of the most important growth points in the national economy. The housing joinery, mouldings and woodworking sector will undoubtedly grow in tandem with the development of the housing construction sector.
See also:
- — Brazil: Plywood-Export +69%
- — Russian foreign trade 2003
- — Canada:Lumber industry promoting wood for non-residential construction
- — Russia: Timberjack increases the volume of sales in Russia by two times to 60 mill. Euro.
- — Timber Packaging Pricing on the Rise