Construction in China - Key Trends and Opportunities to 2018

Published: Jul, 2014 | Pages: 83 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Chinese construction industry including:
The Chinese construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within China
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Chinese construction industry
Profiles of the leading operators in the Chinese construction industry.
Data highlights of the largest construction projects in China 

Summary
The Chinese construction industry recorded a nominal CAGR of 19.99% during the review period (2009-2013). This growth was supported by public investments in infrastructure, residential and industrial construction. The participation of the private sector through public-private partnerships (PPPs) also helped to boost construction activity in the country. Over the forecast period (2014-2018), the growth will be supported by the expanding economy and increased government spending on public infrastructure. The infrastructure and residential markets collectively accounted for 72.3% of the total construction industry in 2013, and are expected to grow over the forecast period due to increased public investment, urbanization and the strong demand for housing. The construction industry's output is expected to record a CAGR of 9.72% over the forecast period. 
Scope
This report provides a comprehensive analysis of the construction industry in China. It provides:
Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in China using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Detailed profiles of the leading construction companies in China 
Reason To Buy
 Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors 
Key Highlights
 In nominal terms, the total construction value add in China reached CNY3.9 trillion (US$628.7 billion) in 2013, after registering a nominal CAGR of 17.67% during the review period. The value add for Chinese construction industry is projected to reach CNY6.1 trillion (US$942.3 billion) in 2018 and record a nominal CAGR of 9.36% over the forecast period, driven by increases in fixed assets investment. According to the latest data from the National Bureau of Statistics of China (NBSC), the investment in fixed assets increased by 20.3%, from CNY311.5 billion (US$48.2 billion) in 2011 to CNY374.7 billion (US$59.4 billion) in 2012.
The residential construction market will be supported by government-led affordable housing projects. In 2013, 4.7 million housing units completed, and the construction of 6.3 million affordable housing units began. At the end of 2013, the government announced plans to spend CNY115.8 billion (US$18.8 billion) to build affordable housing units in 2014. The plan includes subsidies for public rental departments, low-rent housing, and the renovation of shanty towns. The plan also aims to attract private investment to finance new projects.
One of the most ambitious infrastructure-development projects is the China-Russia-Canada-America line. It includes a 13,000km rail line, starting from the north-east of China passing through Russia underneath the Pacific Ocean, and finally connecting the continental US via Alaska and Canada. The estimated budget and time taken for the construction of the high speed-rail network to the US have not been announced, and there is still some skepticism over whether the project will actually go ahead.
To improve trade competitiveness and cope with the rising urban population, the government is focusing more on infrastructure development. Urban residents accounted for 53.7% of the total population in 2013 and this share is expected to increase to 60.0% by 2020. In its 2014 rail budget, China Railways Corp increased its budget from CNY700.0 billion (US$112.8 billion) in 2013 to CNY720.0 billion (US$116.0 billion) in 2014. It includes 48 new projects and the opening of 7,000km of new rail lines in 2014.
There was strong demand in the residential construction market during the review period, as evident from the growth in housing sales during the period. According to the NBSC, the value of house sales in China increased by 11.0% in 2012 as compared to 2011 and increased further by 27.0% in 2013. The total sales value increased from CNY5.4 trillion (US$855.3 billion) in 2012 to CNY6.8 trillion (US$1.1 trillion) in 2013, before by 7.7% in the first quarter of 2014. The slowdown was largely influenced by the tight lending conditions by the government, with some banks halting all mortgage lending.

 1 Executive Summary
2 Market Overview
2.1 Key Trends and Issues
2.2 Benchmarking by Market Size and Growth
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Chi State Construction Engineering Corporation Ltd
8.1 Chi State Construction Engineering Corporation Ltd - Company Overview
8.2 Chi State Construction Engineering Corporation Ltd - Business Description
8.3 Chi State Construction Engineering Corporation Ltd - Main Services
8.4 Chi State Construction Engineering Corporation Ltd - History
8.5 Chi State Construction Engineering Corporation Ltd - Company Information
8.5.1 Chi State Construction Engineering Corporation Ltd - key competitors
8.5.2 Chi State Construction Engineering Corporation Ltd - key employees
9 Company Profile: Chi Railway Construction Corporation Ltd
9.1 Chi Railway Construction Corporation Ltd - Company Overview
9.2 Chi Railway Construction Corporation Ltd - Business Description
9.3 Chi Railway Construction Corporation Ltd - Main Products and Services
9.4 Chi Railway Construction Corporation Ltd - History
9.5 Chi Railway Construction Corporation Ltd - Company Information
9.5.1 Chi Railway Construction Corporation Ltd - key competitors
9.5.2 Chi Railway Construction Corporation Ltd - key employees
10 Company Profile: CITIC Group Corporation
10.1 CITIC Group Corporation - Company Overview
10.2 CITIC Group Corporation - Business Description
10.3 CITIC Group Corporation - Main Products and Services
10.4 CITIC Group Corporation - History
10.5 CITIC Group Corporation - Company Information
10.5.1 CITIC Group Corporation - key competitors
10.5.2 CITIC Group Corporation - key employees
11 Company Profile: Chi Communications Construction Company Ltd
11.1 Chi Communications Construction Company Ltd - Company Overview
11.2 Chi Communications Construction Company Ltd - Business Description
11.3 Chi Communications Construction Company Ltd - Main Products and Services
11.4 Chi Communications Construction Company Ltd - History
11.5 Chi Communications Construction Company Ltd - Company Information
11.5.1 Chi Communications Construction Company Ltd - key competitors
11.5.2 Chi Communications Construction Company Ltd - key employees
12 Company Profile: Chi Railway Group Ltd
12.1 Chi Railway Group Ltd - Company Overview
12.2 Chi Railway Group Ltd - Business Description
12.3 Chi Railway Group Ltd - Main Services
12.4 Chi Railway Group Ltd - History
12.5 Chi Railway Group Ltd - Company Information
12.5.1 Chi Railway Group Ltd - key competitors
12.5.2 Chi Railway Group Ltd - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Commercial Construction Project 1 - YCTA - Yichang Three Gorges Intertiol Tourist Resort - Hubei
Table 3: Commercial Construction Project 2 - DWG - Qingdao Film Studio - Shandong
Table 4: Commercial Construction Project 3 - Ping An Life - Ping An Intertiol Fince Center - Guangdong Province
Table 5: Industrial Construction Project 1 - DOW/SHGCL - Yulin Integrated Coal-to-Chemicals Complex - Shaanxi
Table 6: Industrial Construction Project 2 - SMG - Shenzhen Energy Auto Production Base - Guangdong
Table 7: Industrial Construction Project 3 - Foxconn - Chengdu LCD Panels Production Base - Sichuan
Table 8: Infrastructure Construction Project 1 - MoRC/MoRP - Kashgar-Gwadar Railway Line - Xinjiang
Table 9: Infrastructure Construction Project 2 - MoR - Chizhou to Jiujiang Intercity Railway - Anhui
Table 10: Infrastructure Construction Project 3 - HDOT/GDOT - Qiongzhou Strait Bridge - Hain
Table 11: Institutiol Construction Project 1 - SMPG - Chi Expo Center - Shanghai
Table 12: Institutiol Construction Project 2 - JPGI - Mentougou Intertiol Hospital - Beijing
Table 13: Institutiol Construction Project 3 - Founder Group - Hen Medical Center - Hen
Table 14: Residential Construction Project 1 - GUHL - Fuyang Residential Development - Zhejiang
Table 15: Residential Construction Project 2 - KLC - Keppel Land ntong Lakefront Residential Development - Jiangsu
Table 16: Residential Construction Project 3 - SMBPLR - Affordable Housing Development - Shanghai
Table 17: Chi State Construction Engineering Corporation Ltd, Key Facts
Table 18: Chi State Construction Engineering Corporation Ltd, Main Services
Table 19: Chi State Construction Engineering Corporation Ltd, History
Table 20: Chi State Construction Engineering Corporation Ltd, Key Employees
Table 21: Chi Railway Construction Corporation Ltd, Key Facts
Table 22: Chi Railway Construction Corporation Ltd, Main Products and Services
Table 23: Chi Railway Construction Corporation Ltd, History
Table 24: Chi Railway Construction Corporation Ltd, Key Employees
Table 25: CITIC Group Corporation, Key Facts
Table 26: CITIC Group Corporation, Main Products and Services
Table 27: CITIC Group Corporation, History
Table 28: CITIC Group Corporation, Key Employees
Table 29: Chi Communications Construction Company Ltd, Key Facts
Table 30: Chi Communications Construction Company Ltd, Main Products and Services
Table 31: Chi Communications Construction Company Ltd - History
Table 32: Chi Communications Construction Company Ltd, Key Employees
Table 33: Chi Railway Group Ltd, Key Facts
Table 34: Chi Railway Group Ltd, Main Services
Table 35: Chi Railway Group Ltd - History
Table 36: Chi Railway Group Ltd, Key Employees
Table 37: Chinese Construction Output by Project Type (CNY Million), 2009-2013
Table 38: Chinese Construction Output by Project Type (CNY Million), 2013-2018
Table 39: Chinese Construction Output by Cost Type (CNY Million), 2009-2013
Table 40: Chinese Construction Output by Cost Type (CNY Million), 2013-2018
Table 41: Chinese Construction Output by Activity Type (CNY Million), 2009-2013
Table 42: Chinese Construction Output by Activity Type (CNY Million), 2013-2018
Table 43: Chinese Construction Value Add by Project Type (CNY Million), 2009-2013
Table 44: Chinese Construction Value Add by Project Type (CNY Million), 2013-2018
Table 45: Chinese Commercial Construction Output by Project Type (CNY Million), 2009-2013
Table 46: Chinese Commercial Construction Output by Project Type (CNY Million), 2013-2018
Table 47: Chinese Commercial Construction Output by Cost Type (CNY Million), 2009-2013
Table 48: Chinese Commercial Construction Output by Cost Type (CNY Million), 2013-2018
Table 49: Chinese Commercial Construction Output by Activity Type (CNY Million), 2009-2013
Table 50: Chinese Commercial Construction Output by Activity Type (CNY Million), 2013-2018
Table 51: Chinese Commercial Construction Value Add by Project Type (CNY Million), 2009-2013
Table 52: Chinese Commercial Construction Value Add by Project Type (CNY Million), 2013-2018
Table 53: Chinese Industrial Construction Output by Project Type (CNY Million), 2009-2013
Table 54: Chinese Industrial Construction Output by Project Type (CNY Million), 2013-2018
Table 55: Chinese Industrial Construction Output by Cost Type (CNY Million), 2009-2013
Table 56: Chinese Industrial Construction Output by Cost Type (CNY Million), 2013-2018
Table 57: Chinese Industrial Construction Output by Activity Type (CNY Million), 2009-2013
Table 58: Chinese Industrial Construction Output by Activity Type (CNY Million), 2013-2018
Table 59: Chinese Industrial Construction Value Add by Project Type (CNY Million), 2009-2013
Table 60: Chinese Industrial Construction Value Add by Project Type (CNY Million), 2013-2018
Table 61: Chinese Infrastructure Construction Output by Project Type (CNY Million), 2009-2013
Table 62: Chinese Infrastructure Construction Output by Project Type (CNY Million), 2013-2018
Table 63: Chinese Infrastructure Construction Output by Cost Type (CNY Million), 2009-2013
Table 64: Chinese Infrastructure Construction Output by Cost Type (CNY Million), 2013-2018
Table 65: Chinese Infrastructure Construction Output by Activity Type (CNY Million), 2009-2013
Table 66: Chinese Infrastructure Construction Output by Activity Type (CNY Million), 2013-2018
Table 67: Chinese Infrastructure Construction Value Add by Project Type (CNY Million), 2009-2013
Table 68: Chinese Infrastructure Construction Value Add by Project Type (CNY Million), 2013-2018
Table 69: Chinese Institutiol Construction Output by Project Type (CNY Million), 2009-2013
Table 70: Chinese Institutiol Construction Output by Project Type (CNY Million), 2013-2018
Table 71: Chinese Institutiol Construction Output by Cost Type (CNY Million), 2009-2013
Table 72: Chinese Institutiol Construction Output by Cost Type (CNY Million), 2013-2018
Table 73: Chinese Institutiol Construction Output by Activity Type (CNY Million), 2009-2013
Table 74: Chinese Institutiol Construction Output by Activity Type (CNY Million), 2013-2018
Table 75: Chinese Institutiol Construction Value Add by Project Type (CNY Million), 2009-2013
Table 76: Chinese Institutiol Construction Value Add by Project Type (CNY Million), 2013-2018
Table 77: Chinese Residential Construction Output by Project Type (CNY Million), 2009-2013
Table 78: Chinese Residential Construction Output by Project Type (CNY Million), 2013-2018
Table 79: Chinese Residential Construction Output by Cost Type (CNY Million), 2009-2013
Table 80: Chinese Residential Construction Output by Cost Type (CNY Million), 2013-2018
Table 81: Chinese Residential Construction Output by Activity Type (CNY Million), 2009-2013
Table 82: Chinese Residential Construction Output by Activity Type (CNY Million), 2013-2018
Table 83: Chinese Residential Construction Value Add by Project Type (CNY Million), 2009-2013
Table 84: Chinese Residential Construction Value Add by Project Type (CNY Million), 2013-2018
Table 85: Timetric Construction Market Definitions