The hottest China surpassed the United States to b

2022-07-25
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China has surpassed the United States as the world's largest construction market for the first time.

recently, global construction watch, PwC and Oxford economics jointly released a report, claiming that China has surpassed the United States for the first time and become the world's largest construction country

according to the report, as the demand driven by government stimulus measures pushed up the cost of raw materials and labor, China invested more than US $1trillion in new construction projects during 2010. At the same time, construction prices in the United States fell steadily during the economic recession. Last year, the country invested $983billion in construction projects, down from $1.5 trillion in 2005

while surpassing Japan to become the world's second largest economy, China has won the crown of the global construction industry, highlighting a decade long trend, that is, the focus of the construction industry has shifted from mature markets such as the United States, Japan and Western Europe to China, India and a number of smaller emerging economies

however, China's lead is bound to increase. A latest report predicts that by 2020, China will account for one fifth of the global construction industry, up from the current 14%

"this is a real turning point in the history of the construction industry," said Graham Robinson, director of global architecture watch. It can be seen from the importance of fixtures in the experimental machine. "The former powers have been pushed aside. It will be several decades before China can lose its position as the largest spender in the construction industry, whether in terms of residential, commercial or infrastructure projects."

housing construction accounted for 57% of China's total construction expenditure last year. However, as the Chinese government tries to stop the housing foam, the growth of housing construction in China is expected to slow down during this decade

in contrast, the growth is likely to be driven by greater government spending on new railway, road and power infrastructure projects

in the next decade, the global construction expenditure is expected to reach US $97.7 trillion. Although China will take the lead, India will also invest heavily. It is predicted that India will surpass Japan and become the third largest construction country in the world

the growth of construction activities in China and India has brought benefits to domestic construction groups, while international cement and concrete companies have also invested heavily to increase their exposure

Holcim of Switzerland and Lafarge of France, the world's largest and second largest cement producers by output, have more than half of their sales realized in China, India and some small developing economies

at the same time, China's three largest construction equipment manufacturers are bound to announce that they have achieved a record annual sales and profit jump in 2010, and will quickly become competitors in the global market with the support of China's sustained construction prosperity

when Xugong, Zoomlion and Sany Heavy publish their annual results in the next few weeks, they are expected to report a 60% to 100% increase in last year's profits. China's cranes, cement mixers and bulldozers are mostly produced by these three companies

industry data show that in 2009, China accounted for nearly 43% of global construction machinery sales, much higher than 18% in 2002

the world's second largest construction equipment can still be installed after the back cover is closed. The CEO of Komatsu production said that the global demand for construction equipment will recover strongly from the downturn in the past two years, and China's demand will lead the growth

as the world's largest construction equipment market, China's demand for large earth moving machinery such as excavators, wheel loaders and dump trucks will reach 96000 this year, up 29% from 74000 in 2009. By 2012, China's demand will reach 116000 units, accounting for slightly more than one third of the global demand

under the internal economic cycle, 2 of which the translation chuck is connected with a group of pallet weights. In April, 021, China Chengdu Construction Expo talked with you about new opportunities in the industry.

2020, with the outbreak of the global epidemic and the prevention and control of the domestic epidemic effectively controlled, the global economic pattern has also undergone great changes. Under the strong strategic deployment of the national policy, China is gradually [details]

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