Infrastructure investment to drive total construction output in China to US$4.1 trillion by 2023

摘要

Driven by the Government's efforts to boost spending on infrastructure, the value of construction industry in China, measured at constant 2017 US dollar exchange rates, is expected to rise from US$3.3 trillion in 2018 to US$4.1 trillion in 2023, says GlobalData, a leading data and analytics company. GlobalData's report, 'Construction in China - Key trends and opportunities to 2023', reveals that the country's construction industry is expected to expand at a relatively slower compound annual growth rate (CAGR) of 4.54% over the forecast period (2019-2023), as the government steadily shifts away from a policy of driving economic growth by investing huge sums in infrastructure developments.