A new report by the US based Freedonia Group suggests that construction spending in China will grow 9.1%/year in real terms through 2014.
A new report by the US based 2821 Freedonia Group suggests that construction spending in China will grow 9.1%/year in real terms through 2014. This does represent a slower rate of growth than the 2004-2009 period although China still represents the world's fastest growing major national market in the world. According to Freedonia, increases will be helped by a growing domestic economy, continued industrialisation, rebounding foreign investment funding, the expansion and upgrading of infrastructure and general rising income levels. The information comes from Freedonia's Construction Outlook in China study, prepared by the US firm's Beijing office.
