China Infrastructure Q4 2020
We expect short-term weakness in the construction sector as a result of the Covid-19 pandemic in China. Growth ofChina's construction sector in 2020 is expected to shrink to multi-decade lows of 1.8% y-o-y in real terms. In the long term weremain positive on the outlook of China's construction sector, which is the world's largest in terms of nominal value. Growth will bedriven by government efforts to invest in infrastructure, both in the transport and energy sectors, to improve connectivity betweencities and to reduce pollution. The construction sector is expected to expand by 4.3% in real terms annually from 2021 to 2029.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook