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China Infrastructure Report Q1 2011
Business Monitor International, Nov 2010, Pages: 108
The China Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China's infrastructure industry.
'BMI View: We maintain our core view that the infrastructure stimulus is now withering away and continue to anticipate a sharp slowdown in growth in 2011. First glimpses of the 12th Five Year Plan (due in March 2011) indicate that infrastructure development will continue to feature strongly, but the focus is placed on energy efficiency and meeting ambitious carbon reduction targets. Towards that end, the first offshore wind tender took place in October, but was dominated by domestic companies which offered the lowest cost bids, an indication that they will dominate this sector as well.
This quarter BMI has introduced extended forecasts to 2020 and a new section covering the Residential, Non-Residential Construction and Social Infrastructure sectors in each of its markets.
Major developments over the previous quarter concentrated very much on the renewable drive included: ?? China's domestic energy companies started submitting bids for the country's first round of major offshore wind power projects , which will require a combined investment of over CNY20.8bn (US$3.1bn).
?? In August 2010, US-based solar power firm First Solar announced it expects to start construction work on a solar power plant in Ordos City, Inner Mongolia, in 2011. The plant will be the world's largest solar power plant with a capacity of 2 gigawatts (GW). The company is waiting for approvals from the authorities to start construction of the plant.
?? Giving a first glimpse into the 12th Five-Year Plan, China's National Nuclear Corporation (CNNC) announced plans to invest close to CNY800bn (US$120bn) into nuclear power over the next decade.
China offers scale, measured in terms of total construction industry value, and high levels of growth, combined with high levels of capital investment as a percentage of GDP. The combination of these three factors plays strongly in China’s favour on the Infrastructure Business Environment Ratings. However, the strength of its infrastructure market often masks the high barriers to entry in the market, the opaque regulatory and legal framework and the uncompetitive environment, which this quarter have shaved off points from the country’s overall ratings. In BMI’s Infrastructure Business Environment Ratings China receives a score of 68 out of 100, its strong infrastructure market propelling it near the top of the regional table.
The publisher maintains their core view that the infrastructure stimulus is now withering away and continue to anticipate a sharp slowdown in growth in 2011. First glimpses of the 12th Five Year Plan (due in March 2011) indicate that infrastructure development will continue to feature strongly, but the focus is placed on energy efficiency and meeting ambitious carbon reduction targets. Towards that end, the first offshore wind tender took place in October, but was dominated by domestic companies which offered the lowest cost bids, an indication that they will dominate this sector as well.
This quarter BMI has introduced extended forecasts to 2020 and a new section covering the Residential, Non-Residential Construction and Social Infrastructure sectors in each of its markets.
Major developments over the previous quarter concentrated very much on the renewable drive included:
- China's domestic energy companies started submitting bids for the country's first round of major offshore wind power projects , which will require a combined investment of over CNY20.8bn (US$3.1bn).
- In August 2010, US-based solar power firm First Solar announced it expects to start construction work on a solar power plant in Ordos City, Inner Mongolia, in 2011. The plant will be the world's largest solar power plant with a capacity of 2 gigawatts (GW). The company is waiting for approvals from the authorities to start construction of the plant.
- Giving a first glimpse into the 12th Five-Year Plan, China's National Nuclear Corporation (CNNC) announced plans to invest close to CNY800bn (US$120bn) into nuclear power over the next decade.
China offers scale, measured in terms of total construction industry value, and high levels of growth, combined with high levels of capital investment as a percentage of GDP. The combination of these three factors plays strongly in China’s favour on the Infrastructure Business Environment Ratings.
However, the strength of its infrastructure market often masks the high barriers to entry in the market, the opaque regulatory and legal framework and the uncompetitive environment, which this quarter have shaved off points from the country’s overall ratings. In BMI’s Infrastructure Business Environment Ratings China receives a score of 68 out of 100, its strong infrastructure market propelling it near the top of the regional table.
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