Construction expenditures in China will increase 11.6 percent annually through 2010, reaching 5.8 trillion yuan (approx. $725 million US), according to a new study from Cleveland-based industry market research firm The Freedonia Group Inc. “Construction Outlook for China” reveals that spending will grow at a 9.7 percent annual rate and the country will continue to outperform other major national construction markets over the next five years.

Nonbuilding construction will be the fastest growing sector, the firm reports, but residential building construction activity will advance at a 9.1 percent annual pace in real terms through 2010, spurred by government efforts to boost average per capita living space and private home ownership. E-mail to inquire about purchasing the study.