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Real estate and construction
The Real Estate & Construction sector is one of the pillars of the global economy, responsible for meeting the increasing needs of the population for affordable housing and for efficient social, transportation and utility infrastructure. As a labour-intensive industry, it is a major contributor to employment, income generation and social progress. Real Estate & Construction is also an essential element for economic value creation and sustainable growth, as it lays the foundations for the development of virtually all other industries.
Activities associated with Real Estate & Construction are the construction of residential and non-residential buildings, heavy and civil engineering construction, and the related speciality trade contracting activities. It also includes management and leasing of land and properties, real estate brokerage, architectural and engineering services, warehousing and storage activities, and operation of car parks a🔯nd garages.
In Q3 2021, China’s construction sector saw 6.5% y/y growth in total sector gross output value, amounting to RMB 7.1tn. As the government exercis♊es 💫caution about the ongoing global pandemic, domestic construction activities remain a crucial ...
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As China focuses on advancing its domestic economy, the development of the infrastructure market💖 face🌳s great opportunities but also major challenges. In terms of market competition, the number of infrastructure enterprises is increasing, ...
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According to data from the National Burau of Statistics꧙, in Q1 2021, the total added value of China’s construction industry was RMB 1.2bn, up 22.8% y/y. The total value-added output accounted for 4.4% of the nation’s GDP 🐠;during ...
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