Construction Outlook for China forecasts to 2010 and 2015
Released on = April 20, 2007, 10:55 pm
Press Release Author = Bharat Book Bureau
Industry = Marketing
Press Release Summary = Reliable analysis now available for China Construction expenditures in China have surged in recent years and topped 3.3 trillion yuan ($406 billion) in 2005. Spending gains will continue to outpace global construction activity, and reach 5.8 trillion yuan in 2010.
Press Release Body = Construction Outlook for China forecasts to 2010 & 2015
Reliable analysis now available for China Construction expenditures in China have surged in recent years and topped 3.3 trillion yuan ($406 billion) in 2005. Spending gains will continue to outpace global construction activity, and reach 5.8 trillion yuan in 2010. Worldwide, manufacturers and distributors of building materials and products recognize the tremendous market potential that China offers. However, planning for expansion into China is difficult due to the lack of reliable market information. It\'s updated study, Construction Outlook for China, provides you with the basic information and analysis you need to plan for your company's positioning in China. Is the emerging Chinese economy a threat or an opportunity to your organization?
It has segmented construction activity in China in a meaningful fashion. As in all studies, we provide important industry data on a historical basis (1995, 2000, and 2005), as well as forecast demand to 2010 and 2015 for your use in planning. Activity has been broken down by type (new construction, building additions and alterations, and maintenance and repair construction), by market (residential building, nonresidential building, and nonbuilding construction), and by Chinese geographic region. The study also considers market environment factors, evaluates company market share and profiles industry players.
Nonbuilding construction to post outstanding gains Nonbuilding construction expenditures will climb eleven percent annually in real (inflation-adjusted) terms through 2010, benefitting from growth in government-funded infrastructure construction projects. For example, Beijing-Shanghai Express Railway - designed to have a speed reaching 350 kilometers per hour - is scheduled to start construction in 2006 and is anticipated to be completed in 2010. Preparations for the 2008 Summer Olympics in Beijing and the 2010 World Expo in Shanghai will also generate substantial nonbuilding construction activity, including new roads, subway lines, and power generation and transmission facilities.
Nonresidential buildings to remain largest market In 2005, the nonresidential building market accounted for over two-fifths of all construction expenditures in China, reflecting the country's emergence as an economic powerhouse over the last decade and its position as the largest producer of manufactured goods in the world. Nonresidential construction spending is forecast to rise over nine percent annually in real terms through 2010, stimulated by continued strength in foreign direct investment, growth in consumer spending and accommodative government policies.
Residential buildings to continue strong advances Residential building construction expenditures will climb at nine percent annual pace in real terms through 2010, driven by government efforts to further increase average per-capita living space and privatize home ownership. A phasing out of \"shell construction\" practices and replacement of many of the poorly constructed housing units built during the 1980s and 1990s will also spur growth in residential construction spending.
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