The Gross Production Value of Construction in China is projected to grow steadily from 366.63 Hundred Billion Yuans Renminbi in 2024 to 463.45 in 2028. This series of forecasts indicates sustained growth in the construction sector over the upcoming years. In 2023, the actual value stood at 342.75 Hundred Billion Yuans. The year-on-year variation from 2023 to 2024 is approximately 6.96%, marking a noteworthy uptrend. The CAGR for the period from 2024 to 2028 is around 6.04%, reflecting consistent annual growth.
Future trends to watch for include urbanization, infrastructure investments by the government, advancements in construction technology, and demand for residential and commercial properties. Additionally, policy changes and economic shifts will play significant roles in shaping the trajectory of the construction sector in China.