DUBLIN–(BUSINESS WIRE)–The “China Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
Due to the slowdown in China’s real estate industry, amid a tightening of regulatory controls to limit borrowing by developers, the Chinese construction industry registered a relatively low growth of 2.1% in 2021, its lowest growth since 2007. According to the National Bureau of Statistics (NBS), the construction industry’s value add index fell by 2.1% year on year (YoY) in Q4 2021, preceded by a year-on-year (Y-o-Y) decline of 1.8% in Q3 and growth of 1.8% in Q2 2021.
The publisher expects the Chinese construction industry to expand by 4.5% this year, supported by investments on fixed-asset projects in the transport and energy sectors. In 2021, the National Development and Reform Commission (NDRC) approved 90 fixed-asset investment projects, worth CNY775.4 billion ($120.2 billion), mainly in the transport, energy, water conservation, and informatization sectors.
In another positive development, several projects commenced construction in the fourth quarter of 2021, including the CNY46.4 billion ($7.2 billion) Wuhan Chow Tai Fook Financial Center in Wuhan, Hubei, the CNY27.1 billion ($4.2 billion) 2,000MW Qingdao Shenyuanhai Offshore Wind Farm and the CNY18.1 billion ($2.8 billion) Liuheng Sea-Crossing Bridge project.
Over the forecast period, the industry’s growth will be supported by investments on infrastructure projects as part of the 14th Five Year Plan (2021-2025), which involves the development of various sectors, including transport, energy, manufacturing, health and education, among others.
As part of the plan, in September 2021, the government announced an investment of CNY1.1 trillion ($154.9 billion) on the expansion of the railway network in the Yangtze River Delta (YRD) region, and CNY400 billion ($58.6 billion) on highways in the Xinjiang region.
Additionally, the government announced plans to build 6.5 million government-subsidized rental homes in 40 key cities by 2025, in order to accommodate 13 million people in need of affordable housing. However, downside risks to the outlook are substantial, including the restrictions on real estate developers, weak consumer confidence in the housing market and the impact of falling land sales revenue on local government revenues.
Scope
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/lx2bj8
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HANOI, VIETNAM – Media OutReach Newswire - 22 November 2024 - By capitalizing on its…
HANGZHOU, CHINA - Media OutReach Newswire - 22 November 2024 - As the 2024 World…
BEIJING, CHINA - Media OutReach Newswire - 22 November 2024 - The 2024 Beijing Changping…
Tickets Now Available via Urbtix HONG KONG SAR - Media OutReach Newswire - 22 November…
iShopChangi is throwing a year-end bash like no other! From now till December, get ready…
HONG KONG SAR - Media OutReach Newswire - 22 November 2024 - As a leading…
