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 email@example.com to inquire about purchasing the study.
Construction In China: 5.8 Trillion Yuan By 2010
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.