China’s construction and infrastructure sector has experienced significant transformation fueled by rapid economic growth and the country’s rise as a global economic powerhouse. As one of the world’s largest construction markets, China continues to see extensive development across various infrastructure segments.
In March 2024, the Chinese government set a target to invest US$173 billion (CNY 1.2 trillion) in transport infrastructure projects by the end of the year. Additionally, the Yangtze River Delta region announced a US$19.6 billion (CNY 140 billion) investment to undertake 32 railway infrastructure projects. Earlier in February 2024, Shanghai’s government revealed plans to launch 24 projects with a total investment of US$5.8 billion (CNY 42.1 billion).
According to the national transportation network plan, China aims to increase its number of airports from approximately 240 in 2022 to 400 by 2035. The Civil Aviation Administration of China (CAAC) notes that 32 major airports are currently operating over capacity, and 40 of the 50 largest airports require renovation or expansion. China’s 14th Five-Year Plan includes 140 airport-related projects involving new construction, relocation, upgrades, and expansions, all expected to be completed by 2025. With continued investment and a strong emphasis on innovation, China is steadily advancing its construction sector to meet growing development demands, positively influencing the heavy construction equipment market.
The Chinese government remains a key driver of heavy construction equipment demand through its extensive infrastructure programs. Initiatives such as the Belt and Road Initiative (BRI), Made in China 2025, and the 13th Five-Year Plan emphasize large-scale projects spanning highways, railways, airports, ports, and bridges. These projects are vital to China’s economic growth and rely heavily on construction machinery for site preparation, building, and ongoing maintenance.
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