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Construction in China - Key Trends and Opportunities to 2025 (Q4 2021)

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    Report

  • 55 Pages
  • December 2021
  • Region: China
  • GlobalData
  • ID: 5517696
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the publisher has revised down the estimated growth for China’s construction industry in 2021, with the industry now expected to grow by 4% in real terms this year, compared to an earlier estimate of a 7.2% growth. This downward revision is attributed to the slowdown in the country’s property and construction industries, amid the tightening of regulatory controls to limit borrowing by developers. According to the National Bureau of Statistics (NBS), the construction industry’s value add fell by 1.8% year on year (YoY) in the third quarter of 2021, following Y-o-Y growths of 1.8% in Q2 and 22.8% in Q1 2021.

The industry is expected to register an average annual growth of 4.4% between 2022 and 2025, supported by investments on fixed-asset projects in the transport and energy sectors. In the first three quarters of 2021, the National Development and Reform Commission (NDRC) approved 66 fixed-asset investment projects worth CNY480.4 billion (US$70.4 billion). In another positive development, several projects commenced construction in the third quarter of this year, including the CNY48.3 billion (US$7.1 billion) Liquefied Natural Gas (LNG) pipeline project from Zhongwei in Ningxia to Ji’an in Jiangxi, the CNY32.7 billion (US$4.8 billion) Liuzhou-Wuzhou Railway Line project and the CNY16.2 billion (US$2.4 billion) Zengcheng-Foshan Expressway project.

The industry’s output over the forecast period will also be supported by investments on infrastructure projects, as part of the 14th Five Year Plan (2021-2025). The plan covers the development of various sectors, including transport, energy, manufacturing, health and education, among others. Downside risks to the outlook include the restrictions on debt growth among real estate developers and limits on real estate lending at domestic banks, which are both expected to weigh on the growth of residential construction. Efforts to limit growth of local government debt, which include limits on rail construction and building height, pose further downside risks for the industry’s growth.

the publisher’s Construction in China - Key Trends and Opportunities to 2025 (Q4 2021) report provides detailed market analysis, information and insights into the China’s construction industry, including -
  • China’s construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in China’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope


This report provides a comprehensive analysis of the construction industry in China. It provides -
  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in China, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy


  • Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using the publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

1 Executive Summary2 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
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 The Publisher Construction
  • Contact The Publisher

List of Tables
Table 1: Construction Industry Key Data
Table 2: China, Key Economic Indicators
Table 3: China, Commercial Construction Output by Project Type (Real % Change), 2016-2025
Table 4: China, Top Commercial Construction Projects by Value
Table 5: China, Industrial Construction Output by Project Type (Real % Change), 2016-2025
Table 6: China, Top Industrial Construction Projects by Value
Table 7: China, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
Table 8: China, Top Infrastructure Construction Projects by Value
Table 9: China, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
Table 10: China, Top Energy and Utilities Construction Projects by Value
Table 11: China, Institutional Construction Output by Project Type (Real % Change), 2016-2025
Table 12: China, Top Institutional Construction Projects by Value
Table 13: China, Residential Construction Output by Project Type (Real % Change), 2016-2025
Table 14: China, Top Residential Construction Projects by Value
Table 15: China, Key Contractors
Table 16: China, Key Consultants
Table 17: China, Construction Output Value (Real, US$ Million)
Table 18: China, Construction Output Value (Nominal, CNY Million)
Table 19: The Publisher Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: North-East Asia, Construction Output (Real % Change), 2020 and 2021
Figure 2: China, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: China, COVID-19 Confirmed Cases
Figure 4: China, Risk Summary
Figure 5: China, Risk Regional Comparison
Figure 6: China, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 7: China, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 8: China, Construction Value-Add, % Change YoY
Figure 9: China, Total Value of Buildings Completed by Construction Enterprises (CNY Billion), % Change YoY
Figure 10: China, Investment on Fixed Assets in The Construction Industry, (Accumulated % Change, YoY)
Figure 11: China, Total Value of New Contracts Signed by Construction Enterprises, (CYN Trillion, YoY % Change)
Figure 12: China, Investment in Real Estate Development, (Accumulated % Change, YoY)
Figure 13: China, Construction Purchasing Managers’ Index (PMI), Seasonally Adjusted
Figure 14: China, Construction Projects Momentum Index
Figure 15: North-East Asia, Construction Projects Momentum Index
Figure 16: China, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 17: China, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 18: China, Value of Buildings Completed for Commercial, Hotel and Office Use (% Change, YoY)
Figure 19: China, Total Floor Space of Commercial Buildings Under Construction, in Million m2 (Accumulated % Change, YoY)
Figure 20: China, Investment in Commercial Real Estate Development (in CNY Billion), % Change, YoY
Figure 21: China, Floor Space of Office Buildings Under Construction, % Change YoY
Figure 22: China, Investment on Office Buildings, In CNY Billion, % Change, YoY
Figure 23: China, Total Retail Sales of Consumer Goods, In CNY Billion, YoY % Change
Figure 24: China, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 25: China, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 26: China, Industrial and Manufacturing Value-Add, % Change YoY
Figure 27: China, Manufacturing Purchasing Managers Index, Seasonally Adjusted
Figure 28: China, Automobile Production and Sales, In Thousand Units
Figure 29: China, Total Exports (in US$ Billion), % Change YoY
Figure 30: China, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 31: China, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 32: China, Fixed Asset Investment in The Transport Sector (% Change, YoY)
Figure 33: China, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 34: China, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 35: China, Total Electricity Generation, In TWh, YoY % Change
Figure 36: China, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 37: China, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 38: China, Total Value of Buildings Completed for Scientific Research, Education and Medical Use YoY % Change
Figure 39: China, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 40: China, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 41: China, Total Floor Space of Residential Area Under Construction and Total Floor Space of Residential Builds Started This Year, YoY % Change
Figure 42: China, Investment in Residential Real Estate Development (in CNY Billion), YoY % Change
Figure 43: China, Outstanding Loans for Property Development, Government-Subsidized Housing Development and Personal Housing, YoY % Change
Figure 44: China, Total Value of Residential Buildings Sold (in CNY Trillion), YoY % Change
Figure 45: China, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 46: China, Headquarters of Key Consultants (% of Total Project Pipeline)