China's flat glass industry reports 62% decline in profits for 1st half

The country's production of flat glass reached 97.44m standard weight containers in the 6-month period, up 15.87 per cent. Prices for glass averaged RMB65 per standard weight container, a decrease of RMB10 compared with a year earlier. China's newly-added production capacity has reached 71m standard weight containers since the beginning of 1999, accounting for 33 per cent of China's total production capacity in the year 2000.