DUBLIN–(BUSINESS WIRE)–The “Construction in China – Key Trends and Opportunities to 2025 (Q1 2021)” report has been added to ResearchAndMarkets.com’s offering.
The Chinese construction industry has recovered from the disruption caused by the Coronavirus (COVID-19) pandemic, registering growth of 3.5% in 2020; the swift recovery was due in part to the fast tracking of major infrastructure projects. According to the National Bureau of Statistics (NBS), the construction industry’s value-add grew by 6.6% year on year (YoY) in the fourth quarter of 2020, which was preceded by growth of 8.1% in Q3 and 7.8% in Q2, and a decline of 17.5% in Q1 2020.
In line with growth in construction activity, investments in real estate and fixed assets have also increased, registering growth of 7.6% and 2.9%, respectively, in 2020. In September 2020, the National Development and Reform Commission (NDRC) approved 14 fixed-asset investment projects worth CNY177.8 billion (US$25.2 billion), following approvals of CNY68.9 billion (US$10.1 billion) in August 2020.
The publisher expects the country’s construction industry to grow by 6.5% in 2021, driven by strong Y-o-Y growth in the first quarter, reflecting the comparison to the previous year’s period when construction work was halted across most of the country. Thereafter, the publisher expects the construction industry to record an average annual growth of 4% between 2022 and 2025.
The industry’s growth over the forecast period is expected to be driven by investments on new infrastructure, including investment in the areas of 5G networks, Artificial Intelligence, the Internet of Things, and data centers. According to the government-backed think tank, the China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between 2020 and 2025. The industry’s growth will also be driven by investments in renewable energy and residential building projects.
This report provides detailed market analysis, information, and insights into the Chinese construction industry, including –
Scope
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
4 Construction Outlook
4.1 All Construction
4.2 Commercial Construction
4.3 Industrial Construction
4.4 Infrastructure Construction
4.5 Energy and Utilities Construction
4.6 Institutional Construction
4.7 Residential Construction
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/u33qzy
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