DUBLIN–(BUSINESS WIRE)–The “Construction in China – Key Trends and Opportunities to 2025 (Q4 2021)” report has been added to ResearchAndMarkets.com’s offering.
This report has revised down the estimated growth for China’s construction industry in 2021, with the industry now expected to grow by 4% in real terms this year, compared to an earlier estimate of a 7.2% growth.
This downward revision is attributed to the slowdown in the country’s property and construction industries, amid the tightening of regulatory controls to limit borrowing by developers. According to the National Bureau of Statistics (NBS), the construction industry’s value add fell by 1.8% year on year (YoY) in the third quarter of 2021, following Y-o-Y growths of 1.8% in Q2 and 22.8% in Q1 2021.
The industry is expected to register an average annual growth of 4.4% between 2022 and 2025, supported by investments on fixed-asset projects in the transport and energy sectors. In the first three quarters of 2021, the National Development and Reform Commission (NDRC) approved 66 fixed-asset investment projects worth CNY480.4 billion (US$70.4 billion).
In another positive development, several projects commenced construction in the third quarter of this year, including the CNY48.3 billion (US$7.1 billion) Liquefied Natural Gas (LNG) pipeline project from Zhongwei in Ningxia to Ji’an in Jiangxi, the CNY32.7 billion (US$4.8 billion) Liuzhou-Wuzhou Railway Line project and the CNY16.2 billion (US$2.4 billion) Zengcheng-Foshan Expressway project.
The industry’s output over the forecast period will also be supported by investments on infrastructure projects, as part of the 14th Five Year Plan (2021-2025). The plan covers the development of various sectors, including transport, energy, manufacturing, health and education, among others.
Downside risks to the outlook include the restrictions on debt growth among real estate developers and limits on real estate lending at domestic banks, which are both expected to weigh on the growth of residential construction. Efforts to limit growth of local government debt, which include limits on rail construction and building height, pose further downside risks for the industry’s growth.
Market Analysis, Information and Insights
Scope
Reasons to Buy
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/vvzfwn
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Laura Wood, Senior Press Manager
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