China's Building Materials Industry Invites Overseas Investment

China will offer 69 projects of building materials sector, involving 15.78 billion US dollars, for overseas investors in a coming national fair, the China Daily Business Weekly reports on Sunday.

Huang Jinfeng, director of the Foreign Affairs Department of the State Administration of Building Materials Industry, told the weekly that the administration will provide an overview of China's building materials industry, development trends, technical and economic policies during the September 8-12 Third China Fair for International Investment and Trade in Xiamen City, coastal Fujian Province.

The administration will continue to create a more favorable investment climate for overseas investors, and help them solve practical problems, Huang said.

China has accepted more than five billion US dollars of overseas funds in the building materials sector so far.

The report said that China's building materials market is still large as a result of the accelerated pace of construction of infrastructure facilities and housing projects.

Overseas investments are welcome in the construction of large cement projects, technological improvements in small cement plants, and in quality improvements of sanitary ceramics production.

In addition, China is particularly encouraging the establishment of research and development centers for glass fiber reinforced plastic and other new building materials, according to the report.