China’s construction industry is projected to grow by 7.4% in 2024, reaching CNY 9.13 trillion, with a steady CAGR of 6.4% expected through 2028, resulting in an estimated CNY 11.72 trillion by that year. This growth will be supported by government investments in infrastructure, green development initiatives, and ongoing urbanization.
The report provides a detailed analysis of market opportunities across building and infrastructure construction, covering 100+ KPIs related to growth trends, cost structures, and key city breakdowns. While residential construction faces challenges due to the real estate market slowdown, the broader construction landscape in infrastructure, commercial, institutional, and industrial sectors remains strong.
Key government initiatives include:
- Infrastructure Investments: The government has earmarked CNY 1.2 trillion for transport infrastructure projects in 2024, with plans for extensive transport networks, including 2,500 km of high-speed rail and 461,000 km of highways.
- Green Development: China aims to achieve net-zero emissions by 2060, with a growing focus on green buildings and sustainable urban projects.
- Affordable Housing: New housing policies prioritize affordable urban housing to address rising urban demand.
- Public-Private Partnerships (PPPs): PPPs are increasingly being used to fund commercial and institutional projects, boosting efficiency and private sector involvement.
The report also includes ten-year projections on residential, commercial, industrial, institutional, and green building segments, alongside a cost structure analysis. The focus on sustainable infrastructure and green building practices reflects China’s commitment to environmental resilience in its expanding construction sector.
