Industry Analysis & Industry Trends
China's rapid economic development in recent decades created a major market for engineering services, while reforms in the science and technology system promoted the commercialization of technology. Engineering consultancy firms have become vitally important to modern economic development.
China's construction and civil engineering industries grew consistently over the past several years. Infrastructure investment was a key element of China's 10th Five-Year Plan (2001 to 2005) and 11th Five-Year Plan (2006 to 2010), which focused on roads, rail systems, bridges, ports and airports. This led to an increasing number of domestic and foreign engineering services firms entering the industry.... purchase to read more
Industry Report - Industry Investment Chapter
The industry's principal end-product is the provision of professional engineering design, assessment and management services. The industry has a highly labor-intensive cost structure and very low capital intensity.
Technology and systems are continually being innovated in the industry. Therefore, industry participants need to invest capital in research and development technology and software to meet the client demand. The adoption of new technologies, notably computer-aided design (CAD) facilities, has significantly enhanced labor productivity over the past decade and the large-scale firms have invested heavily into a wide range of design, measurement and monitoring equipment... purchase to read more