Industry Analysis & Industry Trends
Over the five years through 2012, revenue for the BUilding Construction industry has been growing at an average annualized rate of 22.1% to $1.24 trillion. The industry is highly influenced by China's real estate sector. After several years of constant appreciation in most areas of China, housing prices in major cities dropped slightly in 2008 and the trading volume of new residential buildings declined sharply. Lower demand led many real estate developers to halt investment in new projects, which contributed to large pricing increases.
Rapidly increasing housing prices in major cities resulted in the State Council and several local governments issuing a series of measures in 2010 to curb speculative housing demand and prevent excessive housing price growth.... purchase to read more
Industry Report - Industry Locations Chapter
Industry activities are highly concentrated in the provinces of Jiangsu, Zhejiang, Shandong, Sichuan, Guangdong and Liaoning, and in Shanghai and Beijing. These eight regions combined are expected to hold a share of 55.2% in total in output value in 2011.
In terms of regional segmentation, East China is the largest region for building construction in China. In 2010, 53.1% of the completed floor space is expected in East China. This region has the highest population level, the highest average per capita incomes and the largest demand for housing and buildings... purchase to read more