As of 2024, the construction value added in China stands at 7.46. Over the forecast period from 2024 to 2028, we expect a gradual increase, reaching 7.69 by 2028. The year-on-year growth rate for these years shows a consistent increase. Considering the data's nature, the compound annual growth rate (CAGR) is modest over this five-year period. This upward trend implies steady expansion in China's construction sector.
Future trends to watch for in China's construction industry include:
- Urbanization and infrastructure development driving construction demand.
- The impact of government policies on real estate and construction-related investments.
- Technological advancements in construction practices aiming at sustainability and efficiency.
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