July 24, 2013
A new report from the US-based Freedonia Group suggests that China’s expenditure on construction will grow at around 8.5%/year until 2017. This will follow demand due to increasing urbanisation and industrialisation, as well as rising income levels. The continued investment by the Chinese Government in infrastructure will be another major factor in the growth in construction spending. But growth will be more moderate than the 16%/year seen during the 2007-2012 period. The Chinese Government had a stimulus p
