Construction: China Construction Industry Report - 2014
This report profiles China's construction industry, covering market data and trends up to March 2014. The report also highlights key leading players including China State Construction Corporation, China Railway Group, China Railway Construction, China Communications Construction and Shanghai Construction Group.
In 2013, the GDP of the construction industry made up nearly 7% of China’s GDP. Construction gross output value grew at the slowest since 2001. Residential building accounted about one-third of the area and value of building construction completed.
Annual investment in domestic highway construction is expected to exceed RMB 1tn during the 12th Five-Year Plan. New railway financing program is expected to accelerate railway fixed asset investment in China.
China is promoting energy-efficient residential building construction as part of the larger national program to address environmental issues.
New model of urbanization in China is expected to increase the level investment in domestic highway construction.
New railway financing programs are going to broaden contractors’ financing options and accelerate fixed asset investment.