China Runji Cement Inc. (CRJI.OB) Profits from Chinese Rural Economy Stimulus Plan
China Runji Cement Inc., a leading cement producer with a 1 million ton annual capacity located in China’s Anhui Province, announced today that the Company has prospered from the government’s 2010 rural economy stimulus policy, with the price of cement clinker rising $1.46 per ton, or $245,973 extra per month based on current output of 5,600 tons per day. The Central Committee of the Communist Party of China and the State Council issued the first policy document aimed at investing in and subsidizing rural areas, with particular emphasis on allocating budget resources and fixed-asset investments toward rural agribusiness infrastructure that…