Report shows China’s construction growth
First publishedon www.WorldHighways.com
A report by US-based research specialist the Freedonia Group highlights the continuing strong growth in the Chinese construction market. According to Freedonia’s report, construction expenditure in China will increase 8.8%/year in real terms throughout 2016. Although this growth will slow slightly from the rapid pace seen during 2006-2011, the country will continue to outperform other major national construction markets. This will be driven by urbanisation and industrialisation, rebounding foreign investment funding, rising personal income levels, and further population and household growth will all work to drive gains. However, further growth will be prevented by a slowdown in the Chinese economy through the forecast period, especially in fixed asset investment. The report, Construction Outlook in China, is a new study from the Beijing office of The Freedonia Group. Growth will benefit from state-led efforts to expand and upgrade the country’s transportation infrastructure, which includes the national highway system.