Construction

Overview of the Construction Industry in China

Owing to the booming macro economy and large investment in fixed assets, the total output value of construction in China registered a robust growth in the past few years, rising from CNY 11,646.3 billion in 2011 to CNY 19,356.7 billion in 2016, representing a CAGR of 10.7%. In 2015, due to the decreased growth rate of investment in fixed assets and the arrival of “new normal” phase, the year-on-year growth rate of the total output value of construction demonstrated a downhill from 10.2% in 2014 to 2.3% in 2015. However,…

Read More