Construction Outlook in China

  • ID: 4532912
  • Report
  • Region: China
  • 232 Pages
  • The Freedonia Group
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Construction Outlook in China

Expenditures to rise nearly 9% annually through 2018

Construction expenditures in China are expected to rise 8.9 percent per annum in real terms through 2018. Ongoing indus-trialization, increasing urban population, expanding foreign investment funding, rising personal income levels, and further population and household growth will all work to drive gains in construction acti-vity in China. In addition, government’s effort to improve the county’s infrastructure, expand municipal utilities, and balance regional economy disparity will also aid growth in construction spending. However, further growth will be constrained by a slowdown in the Chinese economy through the forecast period, especially in fixed asset investment.

Domestic spending on manufactured goods to fuel nonresidential building

Nonresidential buildings represented the largest segment of construction market in China, accounting for 38 percent of total construction spending in 2013. Further advances will be driven by robust gains in consumer spending for manufactured goods and services from both at home and abroad, accommodative government policies and investment on transportation and energy infrastructures, such as power generation plants and airports, and greater foreign direct investment.

Government efforts, change in demographics to bolster residential construction

Residential construction expenditures accounted for slightly over one-third of overall construction spending in China in 2013. Residential building construction activity will be spurred by rising personal income levels and household growth as well as population migration from rural to urban areas in China. Government efforts to improve living conditions for low income earners (including construction of affordable and low rent houses in urban areas and subsidies for alterations of dilapidated farmhouses in rural areas) will also bolster residential building construction spending.

Northwest region to grow most rapidly

Although China is a single country, it consists of numerous distinct regional markets characterized by different climates, populations, and levels of economic development. Construction expenditures in the Northwest region are expected to enjoy the fastest growth of any region in China, growing nearly ten percent per annum in real terms through 2018. Gains will benefit from the gov-ernment’s “Great Western Development” strategy and the abundant natural resources, which will result in sizable increases in spending on infrastructure and manufacturing facilities in this area. However, the Central-East region, being home to about one-third of the country’s total population and economic output, will remain the largest regional market, accounting for 43 percent of the overall construction spending in China in 2018

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INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Economic Overview
Recent Economic Performance
Economic Outlook
Demographic Overview
Population
Urbanization
Households
Industrialization & Manufacturing Trends
Gross Fixed Capital Formation Trends
Labor Force & Employment Patterns
Personal Income Trends
Banking System & Regulations
Currency Exchange Rates
Inflation & Pricing Patterns
Legal & Regulatory Environment
Construction Technology & Quality
The Twelfth Five-Year Plan
III. OVERVIEW
General
Construction Expenditures by Type
Construction Expenditures by Market
International Environment
Construction Expenditures for Selected Countries
Foreign Participation in China’s Construction Industry
IV. RESIDENTIAL BUILDING
General
New Housing Construction Expenditures
New Housing Completions
Single Family
Multifamily
Additions & Alterations
Housing Stock
Single Family
Multifamily
Ownership
Living Space
Urban
Rural
V. NONRESIDENTIAL BUILDING
General
New Construction
Additions & Alterations
Structure Types
Industrial
Office & Commercial
Institutional
Other
Nonresidential Building Stock
VI. NONBUILDING
General
Structure Types
Roads & Other Transportation Infrastructure
Utilities
Other
VII. REGIONAL TRENDS
General
Regional Demographic & Economic Trends
Population Patterns
Economic Outlook
Regional Construction Expenditures
Central-North
Overview
Construction Expenditures
Northeast
Overview
Construction Expenditures
Central-East
Overview
Construction Expenditures
Central-South
Overview
Construction Expenditures
Southwest
Overview
Construction Expenditures
Northwest
Overview
Construction Expenditures
VIII. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Marketing
Financial Issues & Requirements
Capital Expenditures
Project Funding
State
Private Domestic
Foreign Investment
Company Profiles
AECOM Technology Corporation
Anhui Construction Engineering Group
Company Limited
Balfour Beatty plc
Bechtel Group Incorporated
Beijing Construction Engineering Group Company Limited
Beijing MCC Equipment Research & Design, see Metallurgical of China
Beijing Urban Construction Group Company Limited
Black & Veatch Holding Company
Bouygues SA
China Communications Construction Company Limited
China Gezhouba Group Company Limited
China Harbour Engineering, see China Communications Construction
China National Chemical Engineering Company Limited
China National Machinery Industry Corporation
China Railway Construction Corporation Limited
China Railway Group Limited
China Road and Bridge, see China Communications Construction
China State Construction Engineering Corporation
Chiyoda Corporation
CISDI Group, see Metallurgical of China
CTCI Corporation
Dongfang Electric Corporation
E&C Engineering, see CTCI
Fluor Corporation
Foster Wheeler AG
Fujian Construction Engineering Group Company
Gammon Construction, see Balfour Beatty
Guangdong Construction Engineering Group Corporation Limited
Guangsha Holding Group Company Limited
Hebei Construction Group Company Limited
Hebei Petrochemical Design Institute, see Foster Wheeler
Hip Hing Construction China, see NWS Holdings
HOCHTIEF AG
Hunan Construction Engineering Group Corporation
Jacobs Engineering Group Incorporated
Jiangsu Suzhong Construction Group Company Limited
Jingding Engineering & Construction, see CTCI
Leighton Holdings, see HOCHTIEF
Lend Lease Corporation Limited
Metallurgical Corporation of China Limited
NWS Holdings Limited
Power Construction Corporation of China Limited
Qingjian Group Company Limited
Shaanxi Construction Engineering Group Corporation
Shang Ding Engineering & Construction, see CTCI
Shanghai Construction Group Company Limited
Shanghai Urban Construction Group Corporation
Sichuan Huashi Group Corporation Limited
Sinohydro, see Power Construction of China
SINOMACH, see China National Machinery Industry
URS, see AECOM Technology
WISDRI Engineering & Research Incorporation, see Metallurgical of China
Zhejiang Construction Investment Group Company Limited
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Gross Domestic Product of China
2 Population of China
3 Households in China by Region
4 Manufacturing Value Added in China
5 Gross Fixed Capital Formation in China by Region
6 Employment Trends in China, 2003-2013
7 Per Capita Gross Domestic Product in China by Region
8 Interest Rates in China, 2003-2013
9 Chinese Currency Exchange Rates, 2003-2013
10 Construction Pricing Deflators in China
SECTION III -- OVERVIEW
1 Construction Expenditures in China by Type
2 Construction Expenditures in China by Market
3 Construction Expenditures for Selected Countries, 2003-2013
4 Foreign Participation in China’s Construction Industry
SECTION IV -- RESIDENTIAL BUILDING
1 Residential Building Construction Expenditures in China by Type
2 New Housing Construction Expenditures in China
3 New Housing Completions in China
4 Residential Building Addition & Alteration Expenditures in China
5 Housing Stock in China by Type & Ownership
6 Average Living Space in China
SECTION V -- NONRESIDENTIAL BUILDING
1 Nonresidential Building Construction Expenditures in China by Type
2 Nonresidential Building Construction Expenditures in China by Structure
3 Nonresidential Building Stock in China
SECTION VI -- NONBUILDING
1 Nonbuilding Construction Expenditures in China by Type
2 Nonbuilding Construction Expenditures in China by Structure
3 Paved Roads in China by Region
SECTION VII -- REGIONAL TRENDS
1 Population of China by Region
2 Gross Domestic Product of China by Region
3 Construction Expenditures in China by Region
4 Central-North Region of China: Construction Expenditures
5 Northeast Region of China: Construction Expenditures
6 Central-East Region of China: Construction Expenditures
7 Central-South Region of China: Construction Expenditures
8 Southwest Region of China: Construction Expenditures
9 Northwest Region of China: Construction Expenditures
SECTION VIII -- INDUSTRY STRUCTURE
1 Revenue Data: Selected Construction Companies, 2013
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Population of China by Age, 2003-2023
2 Households in China by Region, 2003-2023
3 Employment Trends in China, 2003-2013
4 Per Capita Gross Domestic Product in China by Region, 2013
5 Chinese Currency Exchange Rates, 2003-2013
SECTION III -- OVERVIEW
1 Construction Expenditures in China by Market, 2003-2023
SECTION IV -- RESIDENTIAL BUILDING
1 New Housing Construction Expenditures in China, 2003-2023
2 New Housing Completions in China, 2003-2023
3 Housing Stock in China by Type, 2003-2023
4 Average Living Space in China, 2003-2023
SECTION V -- NONRESIDENTIAL BUILDING
1 Nonresidential Building Construction Expenditures in China by Structure, 2013
SECTION VI -- NONBUILDING
1 Nonbuilding Construction Expenditures in China by Structure, 2013
2 Total & Paved Roads in China, 2003-2023
SECTION VII -- REGIONAL TRENDS
1 Gross Domestic Product of China by Region, 2013
2 Construction Expenditures in China by Region, 2013
3 Central-North Region of China
4 Northeast Region of China
5 Central-East Region of China
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