Construction Outlook in China to 2014

As Quoted In International Construction		View a more recent version of this report
Study #: 2647
Document Type: Industry Study
Date Published: May-2010
Format:    Full study: PDF    Section, Pages, Tables and Charts: HTML
Pages: 233
Full Study Price: $5,300.00

Construction expenditures in China are expected to grow 9.1 percent annually through 2014. Nonbuilding construction will be the fastest growing sector, based on state-led efforts to expand and upgrade the transportation infrastructure in China. Nonresidential building demand growth slightly outpace the residential sector.This study analyzes the 7.8 trillion yuan construction industry in China. It presents historical demand data for the years 1999, 2004 and 2009, and forecasts for 2014 and 2019 by type (residential building, nonresidential building, nonbuilding), market (new construction, additions and alterations, maintenance and repairs) and Chinese region (e.g., Central-North, Northeast, Central-East).The study also considers market environment factors, details industry structure, evaluates company market share and profiles 40 industry participants, including China Railway Group, China Railway Construction and China State Construction Engineering.         TABLE OF CONTENTS SECTION PAGE Introduction IX I. Executive Summary 1 II. Market Environment 4 General 4 Economic Overview 5 Recent Economic Performance 5 Economic Outlook 8 Demographic Overview 11 Population 12 Urbanization 15 Households 16 Industrialization & Manufacturing Trends 17 Labor Force & Employment Patterns 20 Personal Income Trends 23 Banking System & Regulations 25 Currency Exchange Rates 30 Inflation & Pricing Patterns 34 Legal & Regulatory Environment 37 Construction Technology & Quality 40 The Eleventh Five-Year Plan 41 III. Overview 44 General 44 Construction Expenditures by Type 44 Construction Expenditures by Market 47 International Environment 50 Construction Expenditures for Selected Countries 50 Foreign Participation in China’s Construction Industry 51 IV. Residential Building 54 General 54 New Housing 59 Single Family 61 Multiple Family 63 Additions & Alterations 64 Maintenance & Repairs 66 Housing Stock 67 Single Family 70 Multiple Family 71 Ownership 72 Living Space 74 Urban 76 Rural 77 V. Nonresidential Building 78 General 78 New Construction 80 Additions & Alterations 81 Maintenance & Repairs 82 Structure Types 82 Industrial 84 Institutional 85 Office & Commercial 86 Other 87 Nonresidential Building Stock 88 VI. Nonbuilding Construction 90 General 90 New Construction 93 Maintenance & Repairs 94 Structure Types 95 Roads & Other Transportation Infrastructure 97 Utilities 98 Other 99 VII. Regional Trends 101 General 101 Regional Demographic & Economic Trends 103 Population Patterns 104 Economic Outlook 105 Regional Construction Expenditures 107 Central-North 110 Overview 110 Construction Expenditures 112 Northeast 114 Overview 114 Construction Expenditures 116 Central-East 118 Overview 118 Construction Expenditures 120 Central-South 122 Overview 122 Construction Expenditures 124 Southwest 126 Overview 126 Construction Expenditures 127 Northwest 129 Overview 129 Construction Expenditures 131 VIII. Industry Structure 134 General 134 Industry Composition 135 Market Share 138 Marketing 141 Financial Issues & Requirements 144 Capital Expenditures 146 Project Funding 147 Company Profiles 150 Aker Solutions ASA 151 Anhui Construction Engineering Group Company 153 Balfour Beatty plc 155 Bechtel Group Incorporated 157 Beijing Chang Cheng Bilfinger Berger Construction Engineering, see Beijing Construction Engineering Group and Bilfinger Berger Beijing Construction Engineering Group Company 159 Beijing Research Institute of Metallurgical Equipment, see China Metallurgical Group Beijing Urban Construction Group Company 162 Bilfinger Berger AG 164 Black & Veatch Holding Company 166 Bouygues SA 169 Bovis Lend Lease Projects Shanghai Company, see Lend Lease Corporation China Communications Construction Company 171 China Gezhouba Group Corporation 175 China Harbour Engineering Company, see China Communications Construction Company China Metallurgical Group Corporation 177 China National Chemical Engineering Company 180 China National Machinery Industry Corporation 182 China Railway Construction Corporation 183 China Railway Group 185 China Road and Bridge Corporation, see China Communications Construction Company China State Construction Engineering Corporation 187 China Zhongtie Major Bridge Engineering Group, see China Railway Group Chinese Military Industry LLC, see Fujian Construction Engineering Group Company Chiyoda Corporation 191 CISDI Engineering Company, see China Metallurgical Group Corporation Colas, see Bouygues CTCI Corporation 193 Dongfang Electric Corporation 196 Dragages Hong Kong, see Bouygues E&C Engineering Corporation, see CTCI Corporation Fluor Corporation 197 Foster Wheeler AG 200 Fujian Construction Engineering Group Company 202 Gammon Construction, see Balfour Beatty Guangdong Construction Engineering Group Corporation 204 Guangsha Construction Group Company 206 Hebei Construction Group Company 207 Hip Hing Construction China Company, see NWS Holdings HOCHTIEF AG 209 Hunan Construction Engineering Group Corporation 211 Jiangsu Suzhong Construction Group Company 212 Jingding Engineering & Construction Company, see CTCI Leighton Asia, see HOCHTIEF Lend Lease Corporation 213 NWS Holdings 215 Qingjian Group Company 218 Shaanxi Construction Engineering Group Corporation 219 Shang Ding Engineering & Construction Company, see CTCI Shanghai Construction Group General Company 220 Shanghai Urban Construction Group Corporation 222 Sichuan Huashi Group Corporation 223 Sinohydro Corporation 225 URS Corporation 227 VSL International, see Bouygues Washington Group Engineering Consulting Shanghai Company, see URS Corporation WISDRI Engineering & Research, see China Metallurgical Group Xinjiang Construction Engineering Group Company 229 Zhejiang Construction Investment Group Company 231 Other Companies Mentioned in Study 233 LIST OF TABLES TABLE NUMBER PAGE SECTION I -- Executive Summary Summary Table 3 SECTION II -- Market Environment 1 Gross Domestic Product of China 11 2 Population of China 14 3 Households in China by Region 17 4 Manufacturing Value Added in China 20 5 Urban Labor Force & Employment in China, 1999-2009 22 6 Per Capita Gross Domestic Product in China by Region 25 7 Interest Rates in China, 1999-2009 29 8 Chinese Currency Exchange Rates, 1999-2009 33 9 Construction Pricing Deflators in China 36 SECTION III -- Overview 1 Construction Expenditures in China by Type 46 2 Construction Expenditures in China by Market 49 3 Construction Expenditures for Selected Countries, 1999-2009 51 4 Foreign Participation in China’s Construction Industry 53 SECTION IV -- Residential Building 1 Residential Building Construction Expenditures in China by Type 58 2 New Housing Construction in China 61 3 Residential Building Addition & Alteration Expenditures in China 65 4 Residential Building Maintenance & Repair Expenditures in China 67 5 Housing Stock in China by Type & Ownership 69 6 Average Living Space in China 75 SECTION V -- Nonresidential Building 1 Nonresidential Building Construction Expenditures in China by Type 80 2 Nonresidential Building Construction Expenditures in China by Structure 83 3 Nonresidential Building Stock in China 89 SECTION VI -- Nonbuilding Construction 1 Nonbuilding Construction Expenditures in China by Type 93 2 Nonbuilding Construction Expenditures in China by Structure 96 3 Paved Roads in China by Region 98 SECTION VII -- Regional Trends 1 Population of China by Region 105 2 Gross Domestic Product of China by Region 107 3 Construction Expenditures in China by Region 109 4 Central-North Region of China: Construction Expenditures 114 5 Northeast Region of China: Construction Expenditures 118 6 Central-East Region of China: Construction Expenditures 122 7 Central-South Region of China: Construction Expenditures 125 8 Southwest Region of China: Construction Expenditures 129 9 Northwest Region of China: Construction Expenditures 133 SECTION VIII -- Industry Structure 1 Revenue Data: Selected Construction Companies, 2009 137 2 Selected Cooperative Agreements 143 LIST OF CHARTS CHART NUMBER PAGE SECTION II -- Market Environment 1 Population of China by Age, 1999-2019 14 2 Urban Unemployment Rate in China, 1999-2009 23 3 Interest Rates in China, 1999-2009 30 4 Chinese Currency Exchange Rates, 1999-2009 34 5 Construction Pricing Deflators in China, 1999-2019 37 SECTION III -- Overview 1 Construction Expenditures in China by Type, 1999-2019 47 2 Construction Expenditures in China by Market, 2009 49 SECTION IV -- Residential Building 1 Residential Building Construction Expenditures in China by Type, 2009 59 2 Housing Stock in China by Type, 1999-2019 70 3 Average Living Space in China, 1999-2019 76 SECTION V -- Nonresidential Building 1 Nonresidential Building Construction Expenditures in China by Structure, 2009 84 SECTION VI -- Nonbuilding Construction 1 Nonbuilding Construction Expenditures in China by Structure, 2009 96 SECTION VII -- Regional Trends 1 Construction Expenditures in China by Region, 2009 110 2 Central-North Region of China 112 3 Northeast Region of China 116 4 Central-East Region of China 120 5 Central-South Region of China 124 6 Southwest Region of China 127 7 Northwest Region of China 131 SECTION VIII -- Industry Structure 1 Construction Market Share in China by Company, 2009 138 Related Links Construction Machinery in China to 2011 Large Diameter Pipe in China to 2012 Plumbing in China to 2012 Construction Chemicals in China to 2012 Roofing in China to 2012 Residential Kitchen & Bath Countertops in China to 2012 Cement in China to 2012 Asphalt in China to 2012 Insulation in China to 2013 Click here to view PDF of study brochure in full screen.                        Construction Outlook in China to 2014 $5,300.00 INTRODUCTION - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $0.00 Methodology & Sources of Information $0.00 EXECUTIVE SUMMARY - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $95.00 Overview $35.00 CONSTRUCTION EXPENDITURES IN CHINA (billion 2008 yuan) 2004 - 2019 $60.00 MARKET ENVIRONMENT - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $1,555.00 General $35.00 Economic Overview (1 of 5) $35.00 Economic Overview (2 of 5) $35.00 Economic Overview (3 of 5) $35.00 Economic Overview (4 of 5) $35.00 Economic Overview (5 of 5) $35.00 GROSS DOMESTIC PRODUCT OF CHINA 1999 - 2019 $60.00 Demographics - Population (1 of 2) $35.00 Demographics - Population (2 of 2) $35.00 POPULATION OF CHINA (million persons) 1999 - 2019 $60.00 Demographics - Urbanization $35.00 Demographics - Households $35.00 HOUSEHOLDS IN CHINA BY REGION (million units) 1999 - 2019 $60.00 Industrialization & Manufacturing Trends (1 of 2) $35.00 Industrialization & Manufacturing Trends (2 of 2) $35.00 MANUFACTURING VALUE ADDED IN CHINA  (billion 2008 yuan) 1999 - 2019 $60.00 Labor Force & Employment Patterns (1 of 2) $35.00 Labor Force & Employment Patterns (2 of 2) $35.00 URBAN LABOR FORCE & EMPLOYMENT IN CHINA, 1999 - 2009 $60.00 Personal Income Trends (1 of 2) $35.00 Personal Income Trends (2 of 2) $35.00 PER CAPITA GROSS DOMESTIC PRODUCT IN CHINA BY REGION (2008 yuan) 1999 - 2019 $60.00 Banking System & Regulations (1 of 3) $35.00 Banking System & Regulations (2 of 3) $35.00 Banking System & Regulations (3 of 3) $35.00 INTEREST RATES IN CHINA, 1999 - 2009 (annual percentage rate) $60.00 Currency Exchange Rates (1 of 2) $35.00 Currency Exchange Rates (2 of 2) $35.00 CHINESE CURRENCY EXCHANGE RATES, 1999 - 2009 (yuan per foreign currency) $60.00 Inflation & Pricing Patterns (1 of 2) $35.00 Inflation & Pricing Patterns (2 of 2) $35.00 CONSTRUCTION PRICING DEFLATORS IN CHINA (2008=100) 1999 - 2019 $60.00 Legal & Regulatory Environment (1 of 2) $35.00 Legal & Regulatory Environment (2 of 2) $35.00 Construction Technology & Quality (1 of 2) $35.00 Construction Technology & Quality (2 of 2) $35.00 The Eleventh Five-Year Plan (1 of 2) $35.00 The Eleventh Five-Year Plan (2 of 2) $35.00 OVERVIEW - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $450.00 General $35.00 Construction Expenditures by Type $35.00 CONSTRUCTION EXPENDITURES IN CHINA BY TYPE  (billion 2008 yuan) 1999 - 2019 $60.00 Construction Expenditures by Market $35.00 CONSTRUCTION EXPENDITURES IN CHINA BY MARKET (billion 2008 yuan) 1999 - 2019 $60.00 International Environment $35.00 Construction Expenditures for Selected Countries $35.00 CONSTRUCTION EXPENDITURES FOR SELECTED COUNTRIES, 1999 - 2009* (billion US dollars) $60.00 Foreign Participation in China’s Construction Industry $35.00 FOREIGN PARTICIPATION IN CHINA’S CONSTRUCTION INDUSTRY (billion 2008 yuan) 1999 - 2019 $60.00 RESIDENTIAL BUILDING - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $850.00 Overview (1 of 3) $35.00 Overview (2 of 3) $35.00 Overview (3 of 3) $35.00 RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2008 yuan) 1999 - 2019 $60.00 New Housing - Overview $35.00 NEW HOUSING CONSTRUCTION IN CHINA 1999 - 2019 $60.00 New Housing - Single Family $35.00 New Housing - Multiple Family $35.00 Residential Additions & Alterations $35.00 RESIDENTIAL BUILDING ADDITION & ALTERATION EXPENDITURES IN CHINA (billion 2008 yuan) 1999 - 2019 $60.00 Residential Maintenance & Repairs $35.00 RESIDENTIAL BUILDING MAINTENANCE & REPAIR EXPENDITURES IN CHINA (billion 2008 yuan) 1999 - 2019 $60.00 Housing Stock - Overview $35.00 HOUSING STOCK IN CHINA BY TYPE & OWNERSHIP (million units) 1999 - 2019 $60.00 Housing Stock - Single Family $35.00 Housing Stock - Multiple Family $35.00 Housing Stock - Ownership $35.00 Living Space - Urban & Rural (1 of 2) $35.00 Living Space - Urban & Rural (2 of 2) $35.00 AVERAGE LIVING SPACE IN CHINA 1999 - 2019 $60.00 NONRESIDENTIAL BUILDING - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $565.00 Overview (1 of 2) $35.00 Overview (2 of 2) $35.00 NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2008 yuan) 1999 - 2019 $60.00 New Nonresidential Construction $35.00 Nonresidential Additions & Alterations $35.00 Nonresidential Maintenance & Repairs $35.00 Nonresidential Structure Types $35.00 NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY STRUCTURE (billion 2008 yuan) 1999 - 2019 $60.00 Industrial Construction $35.00 Institutional Construction $35.00 Office & Commercial Construction $35.00 Other Nonresidential Structures $35.00 Nonresidential Building Stock $35.00 NONRESIDENTIAL BUILDING STOCK IN CHINA (million square meters) 1999 - 2019 $60.00 NONBUILDING CONSTRUCTION - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $495.00 Overview (1 of 3) $35.00 Overview (2 of 3) $35.00 Overview (3 of 3) $35.00 NONBUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2008 yuan) 1999 - 2019 $60.00 New Nonbuilding Construction $35.00 Nonbuilding Maintenance & Repairs $35.00 Nonbuilding Structure Types $35.00 NONBUILDING CONSTRUCTION EXPENDITURES IN CHINA BY STRUCTURE (billion 2008 yuan) 1999 - 2019 $60.00 Roads & Other Transportation Infrastructure $35.00 PAVED ROADS IN CHINA BY REGION (thousand kilometers) 1999 - 2019 $60.00 Utilities-Related Construction $35.00 Other Nonbuilding Construction $35.00 REGIONAL TRENDS - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $1,415.00 General (1 of 2) $35.00 General (2 of 2) $35.00 Regional Demographic & Economic Trends $35.00 Regional Population Patterns $35.00 POPULATION OF CHINA BY REGION (million persons) 1999 - 2019 $60.00 Regional Economic Outlook $35.00 GROSS DOMESTIC PRODUCT OF CHINA BY REGION (billion 2008 yuan) 1999 - 2019 $60.00 Regional Construction Expenditures $35.00 CONSTRUCTION EXPENDITURES IN CHINA BY REGION (billion 2008 yuan) 1999 - 2019 $60.00 Construction Expenditures in China by Region, 2009 (percent) $35.00 Central-North Region - Overview $35.00 Profile of Central-North Region, 2009 $35.00 Central-North Region - Construction Expenditures $35.00 CENTRAL-NORTH REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2008 yuan) 1999 - 2019 $60.00 Northeast Region - Overview $35.00 Profile of Northeast Region, 2009 $35.00 Northeast Region - Construction Expenditures $35.00 NORTHEAST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2008 yuan) 1999 - 2019 $60.00 Central-East Region - Overview $35.00 Profile of Central-East Region, 2009 $35.00 Central-East Region - Construction Expenditures $35.00 CENTRAL-EAST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2008 yuan) 1999 - 2019 $60.00 Central-South Region - Overview $35.00 Profile of Central-South Region, 2009 $35.00 Central-South Region - Construction Expenditures $35.00 CENTRAL-SOUTH REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2008 yuan) 1999 - 2019 $60.00 Southwest Region - Overview $35.00 Profile of Southwest Region, 2009 $35.00 Southwest Region - Construction Expenditures $35.00 SOUTHWEST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2008 yuan) 1999 - 2019 $60.00 Northwest Region - Overview $35.00 Profile of Northwest Region, 2009 $35.00 Northwest Region - Construction Expenditures $35.00 NORTHWEST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2008 yuan) 1999 - 2019 $60.00 INDUSTRY STRUCTURE - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $600.00 General $35.00 Industry Composition $35.00 REVENUE DATA: SELECTED CONSTRUCTION COMPANIES, 2009 (billion yuan) $60.00 Market Share (1 of 3) $35.00 Market Share (2 of 3) $35.00 Market Share (3 of 3) $35.00 CONSTRUCTION MARKET SHARE IN CHINA BY COMPANY, 2009 (percent) $60.00 Marketing (1 of 2) $35.00 Marketing (2 of 2) $35.00 SELECTED COOPERATIVE AGREEMENTS $60.00 Financial Issues & Requirements (1 of 2) $35.00 Financial Issues & Requirements (2 of 2) $35.00 Capital Expenditures $35.00 Project Funding (1 of 2) $35.00 Project Funding (2 of 2) $35.00 COMPANY PROFILES - CONSTRUCTION OUTLOOK IN CHINA TO 2014 $2,485.00 Company Profiles Methodology $35.00 Aker Solutions (1 of 2) $35.00 Aker Solutions (2 of 2) $35.00 Anhui Construction Engineering Group Company (1 of 2) $35.00 Anhui Construction Engineering Group Company (2 of 2) $35.00 Balfour Beatty (Gammon Construction) $35.00 Bechtel Group (1 of 2) $35.00 Bechtel Group (2 of 2) $35.00 Beijing Construction Engineering Group Company (1 of 2) $35.00 Beijing Construction Engineering Group Company (2 of 2) $35.00 Beijing Urban Construction Group Company (1 of 2) $35.00 Beijing Urban Construction Group Company (2 of 2) $35.00 Bilfinger Berger (1 of 2) $35.00 Bilfinger Berger (2 of 2) $35.00 Black & Veatch Holding Company (1 of 2) $35.00 Black & Veatch Holding Company (2 of 2) $35.00 Bouygues SA (VSL) (Colas) (Dragages Hong Kong) (1 of 2) $35.00 Bouygues SA (VSL) (Colas) (Dragages Hong Kong) (2 of 2) $35.00 China Communications Construction Company (China Harbour Engineering) (China Road and Bridge) (1 of 5) $35.00 China Communications Construction Company (China Harbour Engineering) (China Road and Bridge) (2 of 5) $35.00 China Communications Construction Company (China Harbour Engineering) (China Road and Bridge) (3 of 5) $35.00 China Communications Construction Company (China Harbour Engineering) (China Road and Bridge) (4 of 5) $35.00 China Communications Construction Company (China Harbour Engineering) (China Road and Bridge) (5 of 5) $35.00 China Gezhouba Group (1 of 2) $35.00 China Gezhouba Group (2 of 2) $35.00 China Metallurgical Group (Beijing Research Institute of Metallurgical Equipment) (CISDI Engineering) (WISDRI Engineering) (1 of 3) $35.00 China Metallurgical Group (Beijing Research Institute of Metallurgical Equipment) (CISDI Engineering) (WISDRI Engineering) (2 of 3) $35.00 China Metallurgical Group (Beijing Research Institute of Metallurgical Equipment) (CISDI Engineering) (WISDRI Engineering) (3 of 3) $35.00 China National Chemical Engineering Company $35.00 China National Machinery Industry $35.00 China Railway Construction Corporation (1 of 2) $35.00 China Railway Construction Corporation (2 of 2) $35.00 China Railway Group (China Zhongtie Major Bridge Engineering) (1 of 2) $35.00 China Railway Group (China Zhongtie Major Bridge Engineering) (2 of 2) $35.00 China State Construction Engineering (1 of 3) $35.00 China State Construction Engineering (2 of 3) $35.00 China State Construction Engineering (3 of 3) $35.00 Chiyoda Corporation $35.00 CTCI Corporation (Shang Ding Engineering) (E&C Engineering) (Jingding Engineering) (1 of 2) $35.00 CTCI Corporation (Shang Ding Engineering) (E&C Engineering) (Jingding Engineering) (2 of 2) $35.00 Dongfang Electric $35.00 Fluor Corporation (1 of 2) $35.00 Fluor Corporation (2 of 2) $35.00 Foster Wheeler (1 of 2) $35.00 Foster Wheeler (2 of 2) $35.00 Fujian Construction Engineering Group Company (Chinese Military Industry) (1 of 2) $35.00 Fujian Construction Engineering Group Company (Chinese Military Industry) (2 of 2) $35.00 Guangdong Construction Engineering Group $35.00 Guangsha Construction Group Company $35.00 Hebei Construction Group (1 of 2) $35.00 Hebei Construction Group (2 of 2) $35.00 HOCHTIEF AG (Leighton Projects) $35.00 Hunan Construction Engineering Group $35.00 Jiangsu Suzhong Construction Group $35.00 Lend Lease (1 of 2) $35.00 Lend Lease (2 of 2) $35.00 NWS Holdings (Hip Hing Construction) (1 of 2) $35.00 NWS Holdings (Hip Hing Construction) (2 of 2) $35.00 Qingjian Group Company $35.00 Shaanxi Construction Engineering Group $35.00 Shanghai Construction Group General $35.00 Shanghai Urban Construction Group $35.00 Sichuan Huashi Group $35.00 Sinohydro Corporation (1 of 2) $35.00 Sinohydro Corporation (2 of 2) $35.00 URS Corporation (Washington Group Engineering) (1 of 2) $35.00 URS Corporation (Washington Group Engineering) (2 of 2) $35.00 Xinjiang Construction Engineering Group (1 of 2) $35.00 Xinjiang Construction Engineering Group (2 of 2) $35.00 Zhejiang Construction Investment Group $35.00 Other Companies Mentioned in Study $35.00