Reportlinker Adds Construction Outlook in China
NEW YORK, May 24 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
http://www.reportlinker.com/p0199389/Construction-Outlook-in-China.html
INTRODUCTION
This study analyzes the construction industry in China. The following types of activities are covered: new building and nonbuilding (bridges, dams, roads, etc.) construction, building additions and alterations, and maintenance and repair construction. Contractor installation of equipment (such as central air conditioning and heating systems, elevators, and sprinkler systems) that forms an integral part of a new or refurbished structure is included here as well. The Special Administrative Regions of Hong Kong and Macau are excluded from the scope of the study. These regions remain to a great extent economically independent from the rest of China, even though they returned to the People's Republic of China in the late 1990s. Taiwan, which is economically independent from the rest of China and not under the administration of the central government, is also excluded from the scope of this study.
Historical data for 1999, 2004 and 2009 and forecasts to 2014 and 2019 are provided for construction expenditures in China by market (residential building, nonresidential building and nonbuilding construction) in both current yuan (including inflation) and constant 2008 yuan. Statistics are also provided for construction expenditures by region and by type (new, building additions and alterations, and maintenance and repair), for construction industry revenues, and for international trade in construction services valued in constant 2008 yuan.
Data is provided as well for new housing construction (in square meters and units), residential building stock (in square meters and units), average living space for rural and urban residents (in square meters), and nonresidential building stock (in square meters). The renminbi (or RMB) is the official currency of the People's Republic of China, and the base unit of the renminbi is the yuan. The term "yuan" is used throughout this report when referring to currency amounts. The overall value of construction expenditures is also provided in US dollars. Generally, the official currency exchange rate is used in each year to convert current yuan to current dollars (with the April 2010 exchange rate being used for 2014 and 2019). In addition, major construction contractors active in China are identified and profiled, and key competitive variables are discussed.
The entire report is framed within the Chinese construction industry's economic and market environments, and therefore environmental variables affecting construction activity in the country (such as government plans and regulations, inflation and interest rates, manufacturing value added, population trends and overall economic performance) are emphasized. Construction market share data by enterprise presented in the Industry Structure section are estimated based on consultation with multiple sources. Tabular details may not always add to totals due to rounding. Economic and demographic indicators presented in this study were obtained from The Freedonia Group Consensus Forecasts dated March 2010.
A wide variety of primary and secondary sources were also used in the compilation of this report. These include Chinese government statistical agencies (principally the National Bureau of Statistics of China), other Chinese government agencies (including the Ministry of Commerce and Ministry of Housing and Urban-Rural Development), the China International Contractors Association, International Monetary Fund, Organisation for Economic Cooperation and Development, United Nations, US Department of Agriculture, US State Department, World Bank, industry experts, financial sources, and construction and building material companies. In addition, data and background information were obtained from various news and trade publications, including Architectural Record, The China Business Review, China Construction News, China Daily, Engineering News- Record, People's Daily, South China Morning Post and World Highways. Corporate annual reports, product literature and other company information were also used in framing the industry and market environments and as input for market size assessments. Statistics from various sources were carefully examined during the preparation of this study, and contradictions and discrepancies among data sources were noted. The accuracy and reliability of figures from each source were evaluated, and adjustments were made where deemed necessary. This was done in order to arrive at a consistent set of industry statistics, which are based on the best available information at the time this study was published. As a result, the data presented here may differ, sometimes substantially, from figures issued by official governmental sources.
TABLE OF CONTENTS
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Economic Overview 5
Recent Economic Performance 5
Economic Outlook 8
Demographic Overview 11
Population 12
Urbanization 15
Households 16
Industrialization & Manufacturing Trends 17
Labor Force & Employment Patterns 20
Personal Income Trends 23
Banking System & Regulations 25
Currency Exchange Rates 30
Inflation & Pricing Patterns 34
Legal & Regulatory Environment 37
Construction Technology & Quality 40
The Eleventh Five-Year Plan 41
III. OVERVIEW 44
General 44
Construction Expenditures by Type 44
Construction Expenditures by Market 47
International Environment 50
Construction Expenditures for Selected Countries 50
Foreign Participation in China's Construction Industry 51
IV. RESIDENTIAL BUILDING 54
General 54
New Housing 59
Single Family 61
Multiple Family 63
Additions & Alterations 64
Maintenance & Repairs 66
Housing Stock 67
Single Family 70
Multiple Family 71
Ownership 72
Living Space 74
Urban 76
Rural 77
V. NONRESIDENTIAL BUILDING 78
General 78
New Construction 80
Additions & Alterations 81
Maintenance & Repairs 82
Structure Types 82
Industrial 84
Institutional 85
Office & Commercial 86
Other 87
Nonresidential Building Stock 88
VI. NONBUILDING CONSTRUCTION 90
General 90
New Construction 93
Maintenance & Repairs 94
Structure Types 95
Roads & Other Transportation Infrastructure 97
Utilities 98
Other 99
VII. REGIONAL TRENDS 101
General 101
Regional Demographic & Economic Trends 103
Population Patterns 104
Economic Outlook 105
Regional Construction Expenditures 107
Central-North 110
Overview 110
Construction Expenditures 112
Northeast 114
Overview 114
Construction Expenditures 116
Central-East 118
Overview 118
Construction Expenditures 120
Central-South 122
Overview 122
Construction Expenditures 124
Southwest 126
Overview 126
Construction Expenditures 127
Northwest 129
Overview 129
Construction Expenditures 131
VIII. INDUSTRY STRUCTURE 134
General 134
Industry Composition 135
Market Share 138
Marketing 141
Financial Issues & Requirements 144
Capital Expenditures 146
Project Funding 147
Company Profiles 150
Aker Solutions ASA 151
Anhui Construction Engineering Group Company 153
Balfour Beatty plc 155
Bechtel Group Incorporated 157
Beijing Chang Cheng Bilfinger Berger Construction
Engineering, see Beijing Construction Engineering
Group and Bilfinger Berger
Beijing Construction Engineering Group Company 159
Beijing Research Institute of Metallurgical Equipment,
see China Metallurgical Group
Beijing Urban Construction Group Company 162
Bilfinger Berger AG 164
Black & Veatch Holding Company 166
Bouygues SA 169
Bovis Lend Lease Projects Shanghai Company,
see Lend Lease Corporation
China Communications Construction Company 171
China Gezhouba Group Corporation 175
China Harbour Engineering Company,
see China Communications Construction Company
China Metallurgical Group Corporation 177
China National Chemical Engineering Company 180
China National Machinery Industry Corporation 182
China Railway Construction Corporation 183
China Railway Group 185
China Road and Bridge Corporation,
see China Communications Construction Company
China State Construction Engineering Corporation 187
China Zhongtie Major Bridge Engineering Group,
see China Railway Group
Chinese Military Industry LLC, see Fujian Construction
Engineering Group Company
Chiyoda Corporation 191
CISDI Engineering Company,
see China Metallurgical Group Corporation
Colas, see Bouygues
CTCI Corporation 193
Dongfang Electric Corporation 196
Dragages Hong Kong, see Bouygues
E&C Engineering Corporation, see CTCI Corporation
Fluor Corporation 197
Foster Wheeler AG 200
Fujian Construction Engineering Group Company 202
Gammon Construction, see Balfour Beatty
Guangdong Construction Engineering Group Corporation 204
Guangsha Construction Group Company 206
Hebei Construction Group Company 207
Hip Hing Construction China Company,
see NWS Holdings
HOCHTIEF AG 209
Hunan Construction Engineering Group Corporation 211
Jiangsu Suzhong Construction Group Company 212
Jingding Engineering & Construction Company, see CTCI
Leighton Asia, see HOCHTIEF
Lend Lease Corporation 213
NWS Holdings 215
Qingjian Group Company 218
Shaanxi Construction Engineering Group Corporation 219
Shang Ding Engineering & Construction Company,
see CTCI
Shanghai Construction Group General Company 220
Shanghai Urban Construction Group Corporation 222
Sichuan Huashi Group Corporation 223
Sinohydro Corporation 225
URS Corporation 227
VSL International, see Bouygues
Washington Group Engineering Consulting Shanghai
Company, see URS Corporation
WISDRI Engineering & Research,
see China Metallurgical Group
Xinjiang Construction Engineering Group Company 229
Zhejiang Construction Investment Group Company 231
Other Companies Mentioned in Study 233
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Gross Domestic Product of China 11
2 Population of China 14
3 Households in China by Region 17
4 Manufacturing Value Added in China 20
5 Urban Labor Force & Employment in China, 1999-2009 22
6 Per Capita Gross Domestic Product in China by Region 25
7 Interest Rates in China, 1999-2009 29
8 Chinese Currency Exchange Rates, 1999-2009 33
9 Construction Pricing Deflators in China 36
SECTION III -- OVERVIEW
1 Construction Expenditures in China by Type 46
2 Construction Expenditures in China by Market 49
3 Construction Expenditures for Selected Countries, 1999-2009 51
4 Foreign Participation in China's Construction Industry 53
SECTION IV -- RESIDENTIAL BUILDING
1 Residential Building Construction Expenditures in China
by Type 58
2 New Housing Construction in China 61
3 Residential Building Addition & Alteration Expenditures
in China 65
4 Residential Building Maintenance & Repair Expenditures
in China 67
5 Housing Stock in China by Type & Ownership 69
6 Average Living Space in China 75
SECTION V -- NONRESIDENTIAL BUILDING
1 Nonresidential Building Construction Expenditures in China
by Type 80
2 Nonresidential Building Construction Expenditures in China
by Structure 83
3 Nonresidential Building Stock in China 89
SECTION VI -- NONBUILDING CONSTRUCTION
1 Nonbuilding Construction Expenditures in China by Type 93
2 Nonbuilding Construction Expenditures in China by Structure 96
3 Paved Roads in China by Region 98
SECTION VII -- REGIONAL TRENDS
1 Population of China by Region 105
2 Gross Domestic Product of China by Region 107
3 Construction Expenditures in China by Region 109
4 Central-North Region of China: Construction Expenditures 114
5 Northeast Region of China: Construction Expenditures 118
6 Central-East Region of China: Construction Expenditures 122
7 Central-South Region of China: Construction Expenditures 125
8 Southwest Region of China: Construction Expenditures 129
9 Northwest Region of China: Construction Expenditures 133
SECTION VIII -- INDUSTRY STRUCTURE
1 Revenue Data: Selected Construction Companies, 2009 137
2 Selected Cooperative Agreements 143
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Population of China by Age, 1999-2019 14
2 Urban Unemployment Rate in China, 1999-2009 23
3 Interest Rates in China, 1999-2009 30
4 Chinese Currency Exchange Rates, 1999-2009 34
5 Construction Pricing Deflators in China, 1999-2019 37
SECTION III -- OVERVIEW
1 Construction Expenditures in China by Type, 1999-2019 47
2 Construction Expenditures in China by Market, 2009 49
SECTION IV -- RESIDENTIAL BUILDING
1 Residential Building Construction Expenditures in China
by Type, 2009 59
2 Housing Stock in China by Type, 1999-2019 70
3 Average Living Space in China, 1999-2019 76
SECTION V -- NONRESIDENTIAL BUILDING
1 Nonresidential Building Construction Expenditures in China
by Structure, 2009 84
SECTION VI -- NONBUILDING CONSTRUCTION
1 Nonbuilding Construction Expenditures in China by Structure,
2009 96
SECTION VII -- REGIONAL TRENDS
1 Construction Expenditures in China by Region, 2009 110
2 Central-North Region of China 112
3 Northeast Region of China 116
4 Central-East Region of China 120
5 Central-South Region of China 124
6 Southwest Region of China 127
7 Northwest Region of China 131
SECTION VIII -- INDUSTRY STRUCTURE
1 Construction Market Share in China by Company, 2009 138
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Construction and Building Industry: Construction Outlook in China
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Contact:
Nicolas Bombourg
Reportlinker
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