Cri-report Keypoints of China's Construction Industry in 2011

You will read about current events in the life and development of major service providers in the Chinese construction industry.

Shanghai, China (prHWY.com) May 30, 2012 - You will read about current events in the life and development of major service providers in the Chinese construction industry.

Social Housing
China is stepping up efforts of social housing program to build 36 million affordable and subsidized apartments between 2011 and 2015. Projects comprising seven million subsidized apartments are expected to begin construction while five million units will be completed by the end of 2012.

Sustained Growth in Road Construction
Investments in road construction under the 12th Five-Year Plan is expected to reach RMB5 trillion, 22.7% higher than investments made in the 11th Five-Year Plan. Planned investments for constructions of highways and roads in rural areas are RMB3 trillion and RMB1.4 trillion respectively.

Weaker Demand for Machinery and Equipment
In 2011, demand for construction machinery and equipment dropped in China as the government took steps to contain inflation and to tighten economic policies in 2011. Market of construction machinery and equipment remain soft this year as a result of reduced infrastructure investment and residential construction.

Recovery in Railway Construction
Total length of railway was 95,234 kilometers by the end of 2011. China is expected to spend more than RMB2 trillion on railway infrastructure construction during the period of 12th Five-Year Plan.

To get the full report, please see http://www.cri-report.com/construction/1598-china-construction-industry-2h11.html

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Categories: Industrial

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