Table of contents:

Methodology

Executive summary

Overview of the economy

• Gross domestic product
• Foreign trade
• Fixed-asset investment
• Foreign direct investment
• Inflation and exchange rate
• Outlook

General situation in the construction industry

• Characteristics of the construction industry
• Construction output
• Employment and wages
• Construction companies
• Financial standing of Chinese construction companies
• Business confidence in construction
• Taxes
• Cement market
• Investment technicalities

Infrastructure development

• Overview of past 30 years and general outlook for the future
• Regulation and bidding procedure
• Road network, waterway transportation
• Railway network
• Airport development
• Pipeline network development
• Power generation investments
• Management of water treatment, environment and public facilities

Non-residential construction

• Overview
• Historical situation
• Fixed-asset investment in the education arena
• Fixed-asset investment in health, social security and social welfare
• Fixed-asset investment in culture, sports and entertainment
• Fixed-asset investment in storage facilities
• Office buildings and houses for business use
• Commercial property market in major cities
• Shanghai market
• Beijing market
• Shenzhen market
• Chengdu market
• Chongqing market
• Dalian market
• Guangzhou market
• Qingdao market
• Tianjin market
• Wuhan market
• Fixed-asset investment in hotel and catering services
• Prices
• Summary

Residential construction

• Housing stock
• Construction of housing
• Sales of residential buildings
• Average cost of buildings
• Housing prices
• Residential construction development programmes

Forecast for development of the construction industry in 2009-2011

• Estimates and predictions
• Housing price forecast

Firms active on the market

List of graphs

List of tables

About PMR

Contact PMR

List of graphs and Tables:

List of graphs

1. GDP in China (CNY tr and y-o-y growth), 1999-2008
2. Total fixed-asset investment in China (CNY tr and y-o-y growth), 2000-2008
3. Foreign direct investment in China ($ bn and y-o-y change), 1999-2008
4. Annual average inflation in China (%), 2000-2008
5. Construction output in China (CNY tr and y-o-y growth), 2000-2008
6. Cement production in China (million tons and y-o-y change), 2000-2008
7. Construction output in China (CNY tr and y-o-y nominal change), 2000-2011
8. GDP in China (CNY tr and y-o-y growth), 1999-2008
9. Total imports and exports of China ($ bn), 2000-2008
10. China trade surplus ($ bn), 2000-2008
11. Total fixed-asset investment in China (CNY tr and y-o-y growth), 2000-2008
12. Foreign direct investment in China ($ bn and y-o-y change), 1999-2008
13. Annual average inflation in China (%), 2000-2008
14. USD/CNY exchange rate, 2000-2009
15. Construction output in China (CNY tr and y-o-y growth), 2000-2008
16. Value added of construction in China (CNY bn and y-o-y change), 2000-2007
17. Employment levels in the construction industry in China (million people), 2000-2007
18. National average annual salary and average construction salaries in China (CNY), 2000-2008
19. Change in average annual salary in China (y-o-y), 2000-2008
20. Number of construction enterprises in China, 2000-2007
21. Ownership structure of construction enterprises in China, 2000-2007
22. Proportion of construction enterprises of respective modes of ownership in China, 2000
23. Proportion of construction enterprises of respective modes of ownership in China, 2007
24. Total profits of construction companies in China (CNY bn and y-o-y growth), 2000-2008
25. Ratio of net profit and pre-tax profit to construction output value in China (%), 2000-2007
26. Cement production in China (million tons and y-o-y change), 2000-2008
27. Breakdown of cement consumption, 2007
28. Total length of roads in China (million km), 2005-2008
29. Highway investment in China (CNY bn), 2000-2008
30. Length of navigable inland waterways in China (‘000 km), 2000-2007
31. Berth numbers in China, 1978, 1980 1985, 1995, 2000 and 2005-2007
32. Waterway transport investment in China (CNY bn and y-o-y change), 2000-2008
33. Length of railways in China (‘000 km), 2000-2007
34. Railway transport investment in China (CNY bn and y-o-y change), 2000-2008
35. Passenger traffic in China (billion passenger-hours), 2007
36. Transport turnover in China (billion ton-km), 2007
37. Air transport investment in China (CNY bn and y-o-y change), 2000-2008
38. Total length of petroleum and gas pipelines in China (‘000 km and y-o-y change), 2000-2007
39. Pipeline transportation investment in China (CNY bn and y-o-y change), 2000-2007
40. Investment in the production and supply of electric power, steam and hot water in China (CNY bn), 2000-2008
41. Total investment in management of water conservancy, environment, and public facilities in China (CNY bn and y-o-y change), 2004-2008
42. Total investment in management of water conservancy in China (CNY bn), 2003-2008
43. Total investment in management of environment in China (CNY bn), 2003-2008
44. Total investment in management of public facilities in China (CNY bn), 2003-2008
45. Floor space of buildings under construction in China (million m2), 2000-2007
46. Floor space of buildings completed in China (million m2), 2000-2007
47. Value of buildings completed in China (CNY bn), 2000-2007
48. Fixed-asset investment in education sector in China (CNY bn and y-o-y change), 2003-2007
49. Fixed-asset investment in health, social securities and social welfare in China (CNY bn), 2003-2007
50. Investment in culture, sports and entertainment in China (CNY bn and y-o-y change), 2004-2007
51. Fixed-asset investment in storage facilities in China (CNY bn), 2002-2007
52. Investments actually completed of office buildings and houses for business use in China (CNY bn), 2000-2007
53. Floor space started of office building and house for business use in China (million m2), 2000-2007
54. Floor space sold of office building and house for business use in China (million m2), 2000-2007
55. Investments completed in office buildings and houses for business use in major cities in Chinese cities (CNY bn), 2007
56. Office space supply in Shenzhen (m2), 2008
57. New supply to be added in Shenzhen office market (m2), 2009-2010
58. Fixed-investment in hotels and catering services in China (CNY bn), 2002-2007
59. Number of star-rated hotels in China (end year), 2000-2007
60. Overall average price of commercialised buildings in China (CNY/m2), 2000-2007
61. Average price index of commercialised buildings in China (%, y-o-y), 2000-2007
62. Average prices of houses for business use in China (CNY/m2), 2000-2007
63. Average price index for houses for business use in China (%, y-o-y), 2000-2007
64. Average sale price of office buildings in China (CNY/m2), 2000-2007
65. Average sale price index of commercialized buildings in China (%, y-o-y), 2000-2007
66. Office rental prices in major cities in China (CNY/m2/month and change vs Q4 2007), Q3 2008
67. Retail rents in major cities in China (CNY/m2/month and change vs Q4 2007), Q3 2008
68. Warehouse rents in major cities in China (CNY/m2/month and change vs Q4 2007), Q3 2008
69. Total floor space of residential buildings (billion m2), 1978, 2
70. and 2006-2007
71. Per capita floor space of residential buildings in China (m2), 1978, 1990, 2000, 2006 and 2007
72. Per capita floor space by region in China (m2), 2007
73. Floor space of urban buildings under construction and completed in China (billion m2 and y-o-y change), January-October 2008
74. Total floor space of buildings under construction in China (billion m2 and y-o-y change), 2000-2007
75. Total floor spaceof residential buildings under construction in China (billion m2 and y-o-y change), 2000-2007
76. Total floor space of buildings completed in China (billion m2 and y-o-y change), 2000-2007
77. Total floor space of residential buildings completed in China (billion m2 and y-o-y change), 2000-2007
78. Value of buildings completed in China (billion CNY), including residential buildings, 2000-2007
79. Number of flats in residential buildings completed by developers in China, 2000-2007
80. Number of flats in residential buildings completed by developers in China, 2000-2007
81. Number of flats in residential buildings completed by developers in Chinese cities, 2007
82. Floor space of residential buildings sold in China (million m2 and y-o-y change), 2000-2007
83. Sales of residential buildings in China (CNY bn and y-o-y change), 2000-2007
84. Average cost of buildings completed in China (CNY per m2 and y-o-y change), 2000-2007
85. Average cost of buildings completed in major cities and provinces of China (CNY per m2), 2007
86. Average prices of commercialised buildings in China (CNY/m2), 2000-2007
87. Overall price index of commercialised buildings in China (%, y-o-y), 2000-2007
88. Average prices of residential buildings in China (CNY/m2), 2000-2007
89. Price index of residential buildings in China (%, y-o-y), 2000-2007
90. Average prices of villas, luxury apartments in China (CNY/m2), 2000-2007
91. Price index of villas, high-grade apartments in China (%, y-o-y), 2000-2007
92. Average prices of economically affordable housing in China (CNY/m2), 2000-2007
93. Price index of economically affordable housing in China (%, y-o-y), 2000-2007
94. Average sales price on the primary market for residential buildings in China (CNY per m2), 2007
95. Overall housing sales price index on the primary market in Beijing (%, y-o-y), 2008
96. Overall housing price index in Shanghai (%, y-o-y), 2000-2007
97. Price index of residential buildings in Shanghai (%, y-o-y), 2000-2007
98. Price index of existing housing in Shanghai (%, y-o-y), 2000-2007
99. Rent index in Shanghai (%, y-o-y), 2000-2007
100. Average monthly price index of residential housing in Shanghai (%, y-o-y), 2008
101. Investment in railways in China (CNY bn), 2006-2011
102. Investment in roads in China (CNY bn), 2006-2010
103. Construction output in China (CNY tr and y-o-y nominal change), 2000-2011
104. Floor space under construction by developers in China (billion m2 and y-o-y change), 2000-2011
105. Floor space of buildings under construction by building enterprises in China (billion m2 and y-o-y change), 2000-2011

List of tables

1. Classification of construction enterprises in China
2. Fixed asset investment tax – items and tax rates, 2009
3. Land tax in China (CNY per m2), 2009
4. Land value appreciation tax in China, 2009
5. Planned road construction projects in China, 2008-2012 43-
6. Selected planned waterway transport investment projects in China, 2009-2012
7. Railway investment plans in China, 1980-2020
8. Planned railway development projects in China, 2009-2013 50-
9. Planned airport development projects in China, 2009-2012
10. Planned energy projects in China, 2009-2016
11. Planned environmental projects in China, 2009-2011
12. Area under construction and completed in China (million m2), Q1-Q3 2008
13. Overview of Shanghai office market, Q3 2008
14. Prime retail rents in Shanghai, Q3 2008
15. Major new supply on Shanghai retail market, Q4 2008
16. Beijing office market, 2007
17. New projects on Beijing office market, 2009-2012
18. Prime retail rents in Beijing, Q3 2008
19. Major new supply of retail space in Beijing, 2008-2009
20. Overview of Shenzhen property market, Q3 2008
21. Overview of Shenzhen Office market, Q3 2008
22. Prime project rents in Shenzen, Q3 2008
23. Asking prices of major industrial parks, Q3 2008
24. Overview of Chengdu market, January-August 2008
25. Overview of Chengdu office market, Q3 2008
26. Office space supply in Chengdu, 2009
27. Prime project rents in Chengdu, Q3 2008
28. Major retail projects for sales in Chengdu, Q3 2008
29. Overview of Chongqing property market, January-August 2008
30. Overview of Chongqing office market, Q3 2008
31. Future office supply in Chongqing, 2009
32. Major retail projects for sale in Chongqing, end-2008
33. Overview of Dalian property market, Q3 2008
34. Overview of Guangzhou market, Q1-Q3 2008
35. Overview of Guangzhou office market, Q3 2008
36. Major retail projects for sale in Guangzhou, end-2008
37. Asking price of major industrial parks in Guangzhou, Q3 2008
38. Overview of Qingdao property market, 2008
39. Future office space supply in Qingdao, 2009
40. Retail project for sale in Qingdao, Q3 2008
41. Overview of Tianjin office market, Q3 2008
42. Prime project rents in Tianjin, Q3 2008
43. Major projects for sale in Tianjin, Q3 2008
44. Asking prices of major industrial parks in Tianjin, Q3 2008
45. Overview of Wuhan office market, Q3 2008
46. Future office space supply in Wuhan, 2009
47. Prime project rents in Wuhan, Q3 2008
48. Major retail projects for sale in Wuhan, Q3 2008
49. Commercial property projects planned and under construction in China, 2009
50. Supply of hotel rooms and beds in China, end-2007
51. Hotel rates in China, 2003-2008
52. Planned hotel development projects in China, 2009-2011 89-
53. Rents in major cities in China (CNY/m2/month), Q3 2008
54. Estimated initial yields in Chinese cities, 2008
55. Average house prices in Beijing, 2008
56. Breakdown of China’s CNY 4tr stimulus plan (CNY bn), 2009-2010
57. Chinese construction companies, 2008
    

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