Construction Expenditures in China to Rise 9.4 Percent Annually Through 2015

Date: 19 July 2011
Source: Freedonia
Construction expenditures in China are expected to rise 9.4 percent per annum in real terms through 2015, moderating from the rapid pace of the 2005-2010 period.

Gains will be bolstered by a growing domestic economy, ongoing urbanization and industrialization, rebounding foreign investment funding, continuing efforts to expand and upgrade physical infrastructure, and rising income levels.  The three major construction segments -- residential buildings, nonresidential buildings and nonbuilding structures -- each accounted for approximately one-third of total spending in 2010. These and other trends are presented in Construction Outlook in China, a new study from the Beijing office of The Freedonia Group, Inc., a Cleveland-based industry research firm.

The nonbuilding construction sector will advance 10.1 percent annually in real terms through 2015.  Government spending initiatives are the predominant drivers of nonbuilding construction activity.  Growth will benefit from state-led efforts to expand and upgrade the country’s transportation infrastructure such as highways, railways and subway systems, and airports.  Utilities construction will also contribute to nonbuilding construction spending gains, as the government continues to increase the country’s power generation capacity and improve electricity transmission networks, as well as expand and improve municipal water supply coverage and gas distribution.

Spending on residential buildings is projected to grow at an annual pace of 9.7 percent in real terms through 2015.  Gains will be primarily supported by rising personal income levels and ongoing population migration from rural to urban areas.  Government efforts to improve living conditions for low-income earners -- including the construction of affordable and low-rent houses in urban areas and subsidies for alterations of dilapidated farmhouses in rural areas -- will also bolster residential building construction spending. 

Nonresidential building construction expenditures are forecast to rise 8.3 percent per year in real terms through 2015.  Growth will be driven by strong increases in construction spending on commercial and office applications, spurred by a growing services sector as well as rising personal income levels.  However, a moderation in growth in the manufacturing sector will restrain gains, and nonresidential building construction spending will increase more slowly than both the nonbuilding and residential building segments.

Click to enlarge

UserFiles/tab_big(1).jpg

Construction Outlook in China (published 07/2011, 237 pages) is available for $5400 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH  44143-2326.  For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.

A limited license to use or reprint information from this news release is granted to you provided attribution for the same – including, if possible, the price of the report – is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.

600450 Construction Expenditures in China to Rise 9.4 Percent Annually Through 2015 glassonweb.com
Date: 19 July 2011
Source: Freedonia

See more news about:

See more from these topics:

Others also read

As the world leading 100% fully tempered vacuum insulated glass, LandVac ensured the successful development of a military project.
Kohn Pedersen Fox (KPF) proudly supported the opening of MGM COTAI on Tuesday, February 13 2018. The resort is the latest addition to the MGM portfolio in Macau.
With various features including light weight, thin thickness, clear transparency, high safety, and extensive use in many aspects of building construction without regional limitation, LandVac has been well received by consumers.
As the launch pad for new products and technologies on window, door and facade in China, the 24th Windoor Expo will take place in Guangzhou from March 11 to March 13, 2018.
Considering the use of energy-saving glass as the determinant of a building’s power conservation, vacuum insulated glass currently offers the most outstanding performance in energy-saving. Among them, LandVac® is one of the best.
Recently, LandGlass is successfully selected into the list of the Innovative Large Enterprises of the City by the department of science and technology in Luoyang.

From industry

No. 160 Yichuan Rd.,
Jiaonan Shi
Qingdao Shi
Shandong Sheng, 266000
China

Add new comment