Cool-down won't freeze materials industry

BEIJING - Government efforts to cool down the nation's red-hot property market are unlikely to have a major impact on China's building materials sector, according to a report from the China Building Material Circulation Association (CBMCA).

The Building Materials Home Index (BHI), an indicator compiled by the CBMCA tracking market developments and predicting industry trends, showed that purchases of building materials increased in April compared to the previous month, with the BHI rising 12.7 percent.

Despite the cooling of the property market, which has directly impacted demand for building materials, experts say the building materials market will remain unscathed or even take off because there are more buyers with basic needs, those who purchase homes to live in rather than for investment.