Construction Outlook in China

As Quoted In Investorideas.com

Construction expenditures in China will continue to grow through 2019, fueled by an increasing urban population, continued industrialization, expanding foreign investment and rising personal income levels.

Expenditures to rise nearly 8% annually through 2019

Construction expenditures in China are expected to grow 7.8 percent per annum in real terms through 2019. Gains will be driven by ongoing industrialization, an increasing urban population, expanding foreign investment funding, rising per-sonal income levels, and further population and household growth in China. In addition, the government’s effort to sustain growth in the manufacturing sector, improve the country’s infrastructure, expand municipal utilities, and balance regional economic disparity will help growth in construction spending. However, further growth will be restricted by a slowdown in the Chinese economy, especially in fixed asset investment.

Northwest to grow fastest

China consists of several regional mar-kets characterized by different climates, populations, and levels of economic de-velopment. The Central-East accounted for 43 percent of construction spending in China in 2014, higher than its share of population or economic output. However, the region will see slower growth through 2019 than the other five regions of China -- 7.2 percent yearly -- mainly due to the large size of its existing stock. Construction expenditures in the Northwest are forecast to rise 9.0 percent yearly in real terms through 2019, outpacing all other regions. China’s “Great Western Development” strategy will result in sizable gains in spending on infrastructure and manufacturing applications in this region.

Demographics to bolster residential construction

Residential building construction, which accounted for 31 percent of construction spending in China in 2014, will advance at a 7.5 percent annual pace in real terms through 2019. Rising personal income levels, population and household growth, and population migration from rural to urban areas will drive advances. Government efforts to improve living conditions for low income earners (such as construction of affordable and low rent houses in urban areas and subsidies for alterations of dilapidated farmhouses in rural areas) will also further gains in this segment.

Domestic spending to fuel nonresidential building

Nonresidential buildings represented the largest segment of the construction mar-ket in China in 2014, accounting for 40 percent of construction spending. Non-residential construction spending is fore-cast to grow 8.1 percent annually in real terms through 2019. Robust growth in consumer spending for manufactured goods and services, accommodative government policies, and foreign direct investment, as well as government efforts to improve standards of living in China, will all help to spur gains in non-residential infrastructure.

Study coverage

This Freedonia industry study analyzes the 17.6 trillion yuan construction industry in China. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by market (residential building, nonresidential building, nonbuilding), type (e.g., single family housing, multifamily housing, industrial, office and commercial, institutional, roads and infrastructure, utilities) and geographic region. The study also considers market environment factors, details industry structure, evaluates company market share, and profiles 38 industry participants, including China State Construction Engineering, China Railway Group, and China Railway Construction.

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  1. Construction Outlook in China

    $5,400.00

  2. INTRODUCTION: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $0.00

  3. Methodology & Sources of Information

    $0.00

  4. EXECUTIVE SUMMARY: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $95.00

  5. Overview

    $35.00

  6. CONSTRUCTION EXPENDITURES IN CHINA (billion 2013 yuan) 2009 - 2024

    $60.00

  7. MARKET ENVIRONMENT: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $1,720.00

  8. General

    $35.00

  9. Economic Overview (1 of 4)

    $35.00

  10. Economic Overview (2 of 4)

    $35.00

  11. Economic Overview (3 of 4)

    $35.00

  12. Economic Overview (4 of 4)

    $35.00

  13. GROSS DOMESTIC PRODUCT OF CHINA 2004 - 2024

    $60.00

  14. Demographics: Population (1 of 2)

    $35.00

  15. Demographics: Population (2 of 2)

    $35.00

  16. POPULATION OF CHINA (million persons) 2004 - 2024

    $60.00

  17. Demographics: Urbanization

    $35.00

  18. Demographics: Households

    $35.00

  19. HOUSEHOLDS IN CHINA BY REGION (million units) 2004 - 2024

    $60.00

  20. Industrialization & Manufacturing Trends (1 of 2)

    $35.00

  21. Industrialization & Manufacturing Trends (2 of 2)

    $35.00

  22. MANUFACTURING VALUE ADDED IN CHINA (billion 2013 yuan) 2004 - 2024

    $60.00

  23. Gross Fixed Capital Formation Trends

    $35.00

  24. GROSS FIXED CAPITAL FORMATION IN CHINA BY REGION (billion 2013 yuan) 2004 - 2024

    $60.00

  25. Labor Force & Employment Patterns (1 of 2)

    $35.00

  26. Labor Force & Employment Patterns (2 of 2)

    $35.00

  27. EMPLOYMENT TRENDS IN CHINA, 2004 - 2014

    $60.00

  28. Personal Income Trends (1 of 2)

    $35.00

  29. Personal Income Trends (2 of 2)

    $35.00

  30. PER CAPITA GROSS DOMESTIC PRODUCT IN CHINA BY REGION (2013 yuan) 2004 - 2024

    $60.00

  31. Banking System & Regulations (1 of 3)

    $35.00

  32. Banking System & Regulations (2 of 3)

    $35.00

  33. Banking System & Regulations (3 of 3)

    $35.00

  34. INTEREST RATES IN CHINA, 2004 - 2014 (annual percentage rate)

    $60.00

  35. Currency Exchange Rates (1 of 2)

    $35.00

  36. Currency Exchange Rates (2 of 2)

    $35.00

  37. CHINESE CURRENCY EXCHANGE RATES, 2004 - 2014 (yuan per foreign currency)

    $60.00

  38. Inflation & Pricing Patterns (1 of 2)

    $35.00

  39. Inflation & Pricing Patterns (2 of 2)

    $35.00

  40. CONSTRUCTION PRICING DEFLATORS IN CHINA (2013=100) 2004 - 2024

    $60.00

  41. Construction: Legal & Regulatory Environment (1 of 4)

    $35.00

  42. Construction: Legal & Regulatory Environment (2 of 4)

    $35.00

  43. Construction: Legal & Regulatory Environment (3 of 4)

    $35.00

  44. Construction: Legal & Regulatory Environment (4 of 4)

    $35.00

  45. Construction Technology & Quality (1 of 2)

    $35.00

  46. Construction Technology & Quality (2 of 2)

    $35.00

  47. Construction: The Twelfth Five-Year Plan (1 of 3)

    $35.00

  48. Construction: The Twelfth Five-Year Plan (2 of 3)

    $35.00

  49. Construction: The Twelfth Five-Year Plan (3 of 3)

    $35.00

  50. OVERVIEW: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $520.00

  51. Overview

    $35.00

  52. Construction Expenditures by Type

    $35.00

  53. CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2013 yuan) 2004 - 2024

    $60.00

  54. Construction Expenditures by Market (1 of 2)

    $35.00

  55. Construction Expenditures by Market (2 of 2)

    $35.00

  56. CONSTRUCTION EXPENDITURES IN CHINA BY MARKET (billion 2013 yuan) 2004 - 2024

    $60.00

  57. Construction: International Environment

    $35.00

  58. Construction Expenditures for Selected Countries

    $35.00

  59. CONSTRUCTION EXPENDITURES FOR SELECTED COUNTRIES, 2004 - 2014 (billion US dollars)

    $60.00

  60. Foreign Participation in China’s Construction Industry (1 of 2)

    $35.00

  61. Foreign Participation in China’s Construction Industry (2 of 2)

    $35.00

  62. FOREIGN PARTICIPATION IN CHINA’S CONSTRUCTION INDUSTRY (billion 2013 yuan) 2004 - 2024

    $60.00

  63. RESIDENTIAL BUILDING: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $1,130.00

  64. Overview (1 of 4)

    $35.00

  65. Overview (2 of 4)

    $35.00

  66. Overview (3 of 4)

    $35.00

  67. Overview (4 of 4)

    $35.00

  68. RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2013 yuan) 2004 - 2024

    $60.00

  69. New Housing Construction Expenditures (1 of 2)

    $35.00

  70. New Housing Construction Expenditures (2 of 2)

    $35.00

  71. NEW HOUSING CONSTRUCTION EXPENDITURES IN CHINA (billion 2013 yuan) 2004 - 2024

    $60.00

  72. New Housing Completions: Overview

    $35.00

  73. NEW HOUSING COMPLETIONS IN CHINA 2004 - 2024

    $60.00

  74. New Housing Completions: Single Family (1 of 3)

    $35.00

  75. New Housing Completions: Single Family (2 of 3)

    $35.00

  76. New Housing Completions: Single Family (3 of 3)

    $35.00

  77. New Housing Completions: Multifamily (1 of 2)

    $35.00

  78. New Housing Completions: Multifamily (2 of 2)

    $35.00

  79. Residential Additions & Alterations

    $35.00

  80. RESIDENTIAL BUILDING ADDITION & ALTERATION EXPENDITURES IN CHINA (billion 2013 yuan) 2004 - 2024

    $60.00

  81. Housing Stock: Overview (1 of 2)

    $35.00

  82. Housing Stock: Overview (2 of 2)

    $35.00

  83. HOUSING STOCK IN CHINA BY TYPE & OWNERSHIP (million units) 2004 - 2024

    $60.00

  84. Housing Stock: Single Family

    $35.00

  85. Housing Stock: Multifamily (1 of 2)

    $35.00

  86. Housing Stock: Multifamily (2 of 2)

    $35.00

  87. Housing Stock: Ownership

    $35.00

  88. Living Space: Overview

    $35.00

  89. AVERAGE LIVING SPACE IN CHINA 2004 - 2024

    $60.00

  90. Living Space: Urban

    $35.00

  91. Living Space: Rural

    $35.00

  92. NONRESIDENTIAL BUILDING: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $600.00

  93. Overview (1 of 3)

    $35.00

  94. Overview (2 of 3)

    $35.00

  95. Overview (3 of 3)

    $35.00

  96. NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2013 yuan) 2004 - 2024

    $60.00

  97. New Nonresidential Construction

    $35.00

  98. Nonresidential Additions & Alterations

    $35.00

  99. Nonresidential Structure Types

    $35.00

  100. NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES IN CHINA BY STRUCTURE TYPE (billion 2013 yuan) 2004 - 2024

    $60.00

  101. Industrial Buildings (1 of 2)

    $35.00

  102. Industrial Buildings (2 of 2)

    $35.00

  103. Office & Commercial Buildings

    $35.00

  104. Institutional Buildings

    $35.00

  105. Other Nonresidential Buildings

    $35.00

  106. Nonresidential Building Stock

    $35.00

  107. NONRESIDENTIAL BUILDING STOCK IN CHINA (million square meters) 2004 - 2024

    $60.00

  108. NONBUILDING: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $495.00

  109. Overview (1 of 4)

    $35.00

  110. Overview (2 of 4)

    $35.00

  111. Overview (3 of 4)

    $35.00

  112. Overview (4 of 4)

    $35.00

  113. NONBUILDING CONSTRUCTION EXPENDITURES IN CHINA (billion 2013 yuan) 2004 - 2024

    $60.00

  114. Nonbuilding Structure Types: Overview

    $35.00

  115. NONBUILDING CONSTRUCTION EXPENDITURES IN CHINA BY TYPE (billion 2013 yuan) 2004 - 2024

    $60.00

  116. Nonbuilding: Roads & Other Transportation Infrastructure

    $35.00

  117. PAVED ROADS IN CHINA BY REGION (thousand kilometers) 2004 - 2024

    $60.00

  118. Nonbuilding Structure Types: Utilities (1 of 2)

    $35.00

  119. Nonbuilding Structure Types: Utilities (2 of 2)

    $35.00

  120. Other Nonbuilding Structure Types

    $35.00

  121. REGIONAL TRENDS: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $1,635.00

  122. General (1 of 2)

    $35.00

  123. General (2 of 2)

    $35.00

  124. Regional Demographic & Economic Trends

    $35.00

  125. Regional Population Patterns

    $35.00

  126. POPULATION OF CHINA BY REGION (million persons) 2004 - 2024

    $60.00

  127. Regional Economic Outlook

    $35.00

  128. GROSS DOMESTIC PRODUCT OF CHINA BY REGION (billion 2013 yuan) 2004 - 2024

    $60.00

  129. Regional Construction Expenditures

    $35.00

  130. CONSTRUCTION EXPENDITURES IN CHINA BY REGION (billion 2013 yuan) 2004 - 2024

    $60.00

  131. CONSTRUCTION EXPENDITURES IN CHINA BY REGION, 2014 (percent)

    $35.00

  132. Central-North Region: Overview

    $35.00

  133. PROFILE OF CENTRAL-NORTH REGION, 2014

    $60.00

  134. Central-North Region: Construction Expenditures (1 of 2)

    $35.00

  135. Central-North Region: Construction Expenditures (2 of 2)

    $35.00

  136. CENTRAL-NORTH REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2013 yuan) 2004 - 2024

    $60.00

  137. Northeast Region: Overview (1 of 2)

    $35.00

  138. Northeast Region: Overview (2 of 2)

    $35.00

  139. PROFILE OF NORTHEAST REGION, 2014

    $60.00

  140. Northeast Region: Construction Expenditures

    $35.00

  141. NORTHEAST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2013 yuan) 2004 - 2024

    $60.00

  142. Central-East Region: Overview

    $35.00

  143. PROFILE OF CENTRAL-EAST REGION, 2014

    $60.00

  144. Central-East Region: Construction Expenditures

    $35.00

  145. CENTRAL-EAST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2013 yuan) 2004 - 2024

    $60.00

  146. Central-South Region: Overview

    $35.00

  147. PROFILE OF CENTRAL-SOUTH REGION, 2014

    $60.00

  148. Central-South Region: Construction Expenditures

    $35.00

  149. CENTRAL-SOUTH REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2013 yuan) 2004 - 2024

    $60.00

  150. Southwest Region: Overview

    $35.00

  151. PROFILE OF SOUTHWEST REGION, 2014

    $60.00

  152. Southwest Region: Construction Expenditures

    $35.00

  153. SOUTHWEST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2013 yuan) 2004 - 2024

    $60.00

  154. Northwest Region: Overview

    $35.00

  155. PROFILE OF NORTHWEST REGION, 2014

    $60.00

  156. Northwest Region: Construction Expenditures

    $35.00

  157. NORTHWEST REGION OF CHINA: CONSTRUCTION EXPENDITURES (billion 2013 yuan) 2004 - 2024

    $60.00

  158. INDUSTRY STRUCTURE: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $575.00

  159. General

    $35.00

  160. Industry Composition (1 of 2)

    $35.00

  161. Industry Composition (2 of 2)

    $35.00

  162. REVENUE DATA: SELECTED CONSTRUCTION COMPANIES, 2014 (billion yuan)

    $60.00

  163. Market Share (1 of 3)

    $35.00

  164. Market Share (2 of 3)

    $35.00

  165. Market Share (3 of 3)

    $35.00

  166. CONSTRUCTION MARKET SHARE IN CHINA BY LEADING COMPANIES, 2014 (percent)

    $60.00

  167. Marketing

    $35.00

  168. Financial Issues & Requirements (1 of 2)

    $35.00

  169. Financial Issues & Requirements (2 of 2)

    $35.00

  170. Capital Expenditures (1 of 2)

    $35.00

  171. Capital Expenditures (2 of 2)

    $35.00

  172. Project Funding (1 of 2)

    $35.00

  173. Project Funding (2 of 2)

    $35.00

  174. COMPANY PROFILES: CONSTRUCTION OUTLOOK IN CHINA TO 2019

    $1,540.00

  175. Company Profiles Methodology

    $35.00

  176. AECOM Technology (URS)

    $35.00

  177. Amec Foster Wheeler

    $35.00

  178. Anhui Construction Engineering Group Company

    $35.00

  179. Balfour Beatty (Gammon)

    $35.00

  180. Bechtel Corporation

    $35.00

  181. Beijing Construction Engineering Group Company

    $35.00

  182. Beijing Urban Construction Group Company

    $35.00

  183. Black & Veatch Holding Company

    $35.00

  184. Bouygues SA (VSL)

    $35.00

  185. China Communications Construction Company (China Road and Bridge) (China Harbour) (1 of 2)

    $35.00

  186. China Communications Construction Company (China Road and Bridge) (China Harbour) (2 of 2)

    $35.00

  187. China Gezhouba Group Company

    $35.00

  188. China National Chemical Engineering Company

    $35.00

  189. China National Machinery Industry (SINOMACH)

    $35.00

  190. China Railway Construction

    $35.00

  191. China Railway Group

    $35.00

  192. China State Construction Engineering

    $35.00

  193. Chiyoda Corporation

    $35.00

  194. CTCI Corporation (Shang Ding Engineering) (Jingding Engineering) (E&C Engineering) (1 of 2)

    $35.00

  195. CTCI Corporation (Shang Ding Engineering) (Jingding Engineering) (E&C Engineering) (2 of 2)

    $35.00

  196. Dongfang Electric

    $35.00

  197. Fluor Corporation

    $35.00

  198. Fujian Construction Engineering Group Company

    $35.00

  199. Guangdong Construction Engineering Group

    $35.00

  200. Guangsha Holding Group Company (1 of 2)

    $35.00

  201. Guangsha Holding Group Company (2 of 2)

    $35.00

  202. Hebei Construction Group Company

    $35.00

  203. HOCHTIEF AG (Leighton) (CIMIC)

    $35.00

  204. Hunan Construction Engineering Group

    $35.00

  205. Jacobs Engineering Group (Suzhou Han Chemical Engineering)

    $35.00

  206. Jiangsu Suzhong Construction Group Company

    $35.00

  207. Lend Lease

    $35.00

  208. Metallurgical Corporation of China (Beijing MCC Equipment) (CISDI) (WISDRI) (1 of 2)

    $35.00

  209. Metallurgical Corporation of China (Beijing MCC Equipment) (CISDI) (WISDRI) (2 of 2)

    $35.00

  210. NWS Holdings (Hip Hing Construction)

    $35.00

  211. Power Construction Corporation of China (Sinohydro)

    $35.00

  212. Qingjian Group Company

    $35.00

  213. Shaanxi Construction Engineering Group

    $35.00

  214. Shanghai Construction Group Company

    $35.00

  215. Shanghai Urban Construction Group

    $35.00

  216. Sichuan Huashi Group

    $35.00

  217. Zhejiang Construction Investment Group Company

    $35.00

  218. Other Companies Mentioned in the Study

    $35.00

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