Released on = April 20, 2007, 10:55 pm

Press Release Author = Bharat Book Bureau

Industry = Marketing

Press Release Summary = Reliable analysis now available for China
Construction expenditures in China have surged in recent years and topped 3.3
trillion yuan ($406 billion) in 2005. Spending gains will continue to outpace global
construction activity, and reach 5.8 trillion yuan in 2010.

Press Release Body = Construction Outlook for China forecasts to 2010 & 2015

Reliable analysis now available for China
Construction expenditures in China have surged in recent years and topped 3.3
trillion yuan ($406 billion) in 2005. Spending gains will continue to outpace global
construction activity, and reach 5.8 trillion yuan in 2010. Worldwide, manufacturers
and distributors of building materials and products recognize the tremendous market
potential that China offers. However, planning for expansion into China is difficult
due to the lack of reliable market information. It\'s updated study, Construction
Outlook for China, provides you with the basic information and analysis you need to
plan for your company's positioning in China. Is the emerging Chinese economy a
threat or an opportunity to your organization?

It has segmented construction activity in China in a meaningful fashion. As in all
studies, we provide important industry data on a historical basis (1995, 2000, and
2005), as well as forecast demand to 2010 and 2015 for your use in planning.
Activity has been broken down by type (new construction, building additions and
alterations, and maintenance and repair construction), by market (residential
building, nonresidential building, and nonbuilding construction), and by Chinese
geographic region. The study also considers market environment factors, evaluates
company market share and profiles industry players.

Nonbuilding construction to post outstanding gains
Nonbuilding construction expenditures will climb eleven percent annually in real
(inflation-adjusted) terms through 2010, benefitting from growth in
government-funded infrastructure construction projects. For example,
Beijing-Shanghai Express Railway - designed to have a speed reaching 350 kilometers
per hour - is scheduled to start construction in 2006 and is anticipated to be
completed in 2010. Preparations for the 2008 Summer Olympics in Beijing and the 2010
World Expo in Shanghai will also generate substantial nonbuilding construction
activity, including new roads, subway lines, and power generation and transmission
facilities.

Nonresidential buildings to remain largest market
In 2005, the nonresidential building market accounted for over two-fifths of all
construction expenditures in China, reflecting the country's emergence as an
economic powerhouse over the last decade and its position as the largest producer of
manufactured goods in the world. Nonresidential construction spending is forecast to
rise over nine percent annually in real terms through 2010, stimulated by continued
strength in foreign direct investment, growth in consumer spending and accommodative
government policies.

Residential buildings to continue strong advances
Residential building construction expenditures will climb at nine percent annual
pace in real terms through 2010, driven by government efforts to further increase
average per-capita living space and privatize home ownership. A phasing out of
\"shell construction\" practices and replacement of many of the poorly constructed
housing units built during the 1980s and 1990s will also spur growth in residential
construction spending.


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