Construction in China Market: Focus on Infrastructure Development Likely to Spur Growth
Buoyed by the country's economic growth, China, over the last three decades or so, has managed a mammoth of construction projects which has underpinned its urban environment. However, China's construction industry in 2017 witnessed a gloomy growth of 4.3% vis-à-vis 8.2% during 2013-2016. This could be attributed to slow economic growth, soaring debt-to-GDP ratios and plunge in fixed assets investment. Meanwhile, there has been rise in the investment in transport, energy and residential infrastructure construction projects. These insights are according...
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