Chinese Construction Market Outlook to 2024 - China is Expected to Spend US$1.4 Trillion on New Infrastructure Projects Between 2020 and 2025
The Chinese construction industry has already recovered from the disruption caused by the COVID-19 pandemic.
- The Chinese construction industry has already recovered from the disruption caused by the COVID-19 pandemic.
- With the gradual resumption of construction activities, the industry has regained growth momentum, and is expected to expand in 2020 as a whole.
- According to the government-backed think tank, the China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between 2020-2025.
- It provides -
Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in China, featuring details of key growth drivers.