Few commodities tell the story of China’s 21st-century economy better than humble cement, and its current output slump illustrates the depth of the nation’s building slowdown after the frenzy of the previous decade.
Cement production posted its weakest July for any year since 2009, as an unresolved real estate crisis and tepid infrastructure activity weigh on construction. The cement figure was just one among a bundle of data points released on Friday showing a sharp deceleration in the world’s No. 2 economy.
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