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 7
Demographic Overview 10
Population 10
Urbanization 13
Households 14
Industrialization & Manufacturing Trends 15
Labor Force & Employment Patterns 18
Personal Income Trends 21
Banking System & Regulations 23
Currency Exchange Rates 28
Inflation & Pricing Patterns 32
Legal & Regulatory Environment 35
Construction Technology & Quality 37
The Eleventh Five-Year Plan 39
III. OVERVIEW 42
General 42
Construction Expenditures by Type 42
Construction Expenditures by Market 45
International Environment 47
Construction Expenditures for Selected Countries 48
Foreign Participation in China's Construction Industry 49
IV. RESIDENTIAL BUILDING 52
General 52
New Housing 57
Single Family 58
Multiple Family 60
Additions & Alterations 61
Maintenance & Repair 63
Housing Stock 65
Single Family 67
Multiple Family 68
Ownership 69
Living Space 71
Urban 73
Rural 74
V. NONRESIDENTIAL BUILDING 75
General 75
New Construction 78
Additions & Alterations 78
Maintenance & Repairs 79
Structure Types 80
Industrial 82
Institutional 83
Office & Commercial 84
Other 85
Nonresidential Building Stock 85
VI. NONBUILDING CONSTRUCTION 87
General 87
New Construction 90
Maintenance & Repair 91
Structure Types 92
Roads & Other Transportation Infrastructure 94
Utilities 95
Other 96
VII. REGIONAL TRENDS 98
General 98
Regional Demographics & Economic Trends 100
Population Patterns 101
Economic Outlook 103
Regional Construction Expenditures 104
Central-North 107
Overview 107
Construction Expenditures 109
Northeast 111
Overview 111
Construction Expenditures 114
Central-East 116
Overview 116
Construction Expenditures 118
Central-South 120
Overview 120
Construction Expenditures 122
Southwest 124
Overview 124
Construction Expenditures 126
Northwest 128
Overview 128
Construction Expenditures 130
VIII. INDUSTRY STRUCTURE 133
General 133
Industry Composition 134
Market Share 137
Marketing 140
Financial Issues & Requirements 143
Capital Expenditures 145
Project Funding 147
State 147
Private Domestic 147
Foreign Investment 148
Company Profiles 149
Aker Solutions ASA 150
Anhui Construction Engineering Group Company 152
Balfour Beatty plc 154
Bechtel Group Incorporated 156
Beijing Chang Cheng Bilfinger Berger Construction
Engineering Corporation Limited, see Beijing
Construction Engineering Group and Bilfinger Berger
Beijing Construction Engineering Group Company 158
Beijing Research Institute of Metallurgical Equipment,
see China Metallurgical Group
Beijing Urban Construction Group Company Limited 160
Bilfinger Berger AG 162
Black & Veatch Holding Company 164
Bouygues SA 166
Bovis Lend Lease Projects Shanghai Company Limited,
see Lend Lease
BSF China Company Limited, see Bechtel Group
and Foster Wheeler
China Communications Construction Company Limited 168
China Gezhouba Group Corporation 172
China Harbour Engineering Company Limited,
see China Communications Construction
China Metallurgical Group Corporation 173
China National Chemical Engineering Company Limited 175
China National Machinery Industry Corporation 176
China Railway Construction Corporation Limited 177
China Railway Group Limited 179
China Road and Bridge Corporation, see China
Communications Construction
China State Construction Engineering Corporation 181
China Zhongtie Major Bridge Engineering Group
Company Limited, see China Railway Group
Chinese Military Industry LLC, see Fujian Construction
Engineering Group
Chiyoda Corporation 184
CISDI Engineering Company Limited, see China
Metallurgical Group
Colas SA, see Bouygues
CTCI Corporation 186
Dongfang Electric Corporation 188
Dragages Hong Kong Limited, see Bouygues
Fluor Corporation 189
Foster Wheeler AG 191
Fujian Construction Engineering Group Company 193
Gammon Construction Limited, see Balfour Beatty
Guangdong Construction Engineering Group 195
Guangsha Construction Group Company Limited 196
Hebei Construction Group Company Limited 197
Hip Hing Construction China Company Limited,
see NWS Holdings
HOCHTIEF AG 199
Hunan Construction Engineering Group Corporation 200
Jiangsu Suzhong Construction Group Company Limited 201
Jingding Engineering & Construction Company Limited,
see CTCI
Leighton Asia Limited, see HOCHTIEF
Lend Lease Corporation Limited 202
NWS Holdings Limited 204
Qingjian Group Company Limited 206
Shaanxi Construction Engineering Group Corporation 207
Shang Ding Engineering & Construction Company
Limited, see CTCI
Shanghai Construction Group General Company 208
Shanghai Urban Construction Group Corporation 209
Sichuan Huashi Group Corporation Limited 210
Sinohydro Corporation 212
URS Corporation 214
VSL International Limited, see Bouygues
WISDRI Engineering & Research Incorporation Limited,
see China Metallurgical Group
Xinjiang Construction Engineering Group Company 216
Zhejiang Construction Investment Group Corporation 218
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Gross Domestic Product of China 9
2 Population of China 12
3 Households in China by Region 15
4 Manufacturing Value Added in China 18
5 Urban Labor Force & Employment in China, 1998-2008 20
6 Per Capita Gross Domestic Product in China by Region 23
7 Interest Rates in China, 1998-2008 27
8 Chinese Currency Exchange Rates, 1998-2008 31
9 Construction Pricing Deflators in China 34
SECTION III -- OVERVIEW
1 Construction Expenditures in China by Type 44
2 Construction Expenditures in China by Market 46
3 Construction Expenditures for Selected Countries, 1998-2008 49
4 Foreign Participation in China's Construction Industry 51
SECTION IV -- RESIDENTIAL BUILDING
1 Residential Building Construction Expenditures in China
by Type 56
2 New Housing Construction in China 58
3 Residential Building Addition & Alteration Expenditures
in China 63
4 Residential Building Maintenance & Repair Expenditures
in China 64
5 Housing Stock in China by Type & Ownership 66
6 Average Living Space in China 72
SECTION V -- NONRESIDENTIAL BUILDING
1 Nonresidential Building Construction Expenditures in China
by Type 77
2 Nonresidential Building Construction Expenditures in China
by Structure 81
3 Nonresidential Building Stock in China 86
SECTION VI -- NONBUILDING CONSTRUCTION
1 Nonbuilding Construction Expenditures in China by Type 90
2 Nonbuilding Construction Expenditures in China by Structure 93
3 Paved Roads in China by Region 95
SECTION VII -- REGIONAL TRENDS
1 Population of China by Region 102
2 Gross Domestic Product of China by Region 104
3 Construction Expenditures in China by Region 106
4 Central-North Region of China: Construction Expenditures 111
5 Northeast Region of China: Construction Expenditures 116
6 Central-East Region of China: Construction Expenditures 120
7 Central-South Region of China: Construction Expenditures 124
8 Southwest Region of China: Construction Expenditures 128
9 Northwest Region of China: Construction Expenditures 132
SECTION VIII -- INDUSTRY STRUCTURE
1 Revenue Data: Selected Construction Companies, 2008 136
2 Selected Cooperative Agreements 142
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II -- MARKET ENVIRONMENT
1 Population of China by Age, 1998-2018 12
2 Urban Unemployment Rate in China, 1998-2008 21
3 Interest Rates in China, 1998-2008 28
4 Chinese Currency Exchange Rates, 1998-2008 31
5 Construction Pricing Patterns in China, 1998-2018 34
SECTION III -- OVERVIEW
1 Construction Expenditures in China by Type, 1998-2018 44
2 Construction Expenditures in China by Market, 2008 47
SECTION IV -- RESIDENTIAL BUILDING
1 Residential Building Construction Expenditures in China
by Type, 2008 56
2 Housing Stock in China by Type, 1998-2018 67
3 Average Living Space in China, 1998-2018 73
SECTION V -- NONRESIDENTIAL BUILDING
1 Nonresidential Building Construction Expenditures in
China by Structure, 2008 81
SECTION VI -- NONBUILDING CONSTRUCTION
1 Nonbuilding Construction Expenditures in China
by Structure, 2008 93
SECTION VII -- REGIONAL TRENDS
1 Construction Expenditures in China by Region, 2008 107
2 Central-North Region of China 109
3 Northeast Region of China 114
4 Central-East Region of China 118
5 Central-South Region of China 122
6 Southwest Region of China 126
7 Northwest Region of China 130
SECTION VIII -- INDUSTRY STRUCTURE
1 Construction Market Share in China by Company, 2008 137