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Value added in the Chinese construction industry 2008-2018

Value added in the Chinese construction industry from 2008 to 2018 (in billion yuan)

by Statista Research Department, last edited Sep 23, 2019
Value added in the Chinese construction industry 2008-2018 This statistic shows the added value in the Chinese construction industry from 2008 to 2018. In 2018, the construction industry in China generated an added value of approximately 6.18 trillion yuan.
Construction industry in China – additional information

With total construction spending amounting to 1.78 trillion U.S. dollars, China was by far the largest construction market worldwide in 2013. The world’s four largest construction companies in 2013 were all from China. The largest construction company in the world, the China State Construction Engineering Corporation (CSCEC), had generated revenues of approximately 800 billion yuan in 2014.

The success of China’s construction industry is closely linked to domestic urbanization efforts and economic development. Thus, it is not surprising that eastern coastal provinces such as Jiangsu or Zhejiang had been among the regions with the highest construction industry revenue in China in 2012.

The construction industry account for a large proportion of China’s GDP and hence plays an essential role in domestic economy. Added value from the construction industry in China has been increasing by at least 9 percent between 2009 and 2014, ranging above the average level of China’s GDP growth during the same period. Another significant sector, residential real estate development has been seen as a main driver of China’s economy in the recent decade. Around 1,470 million square meters of floor space had been built n 2011. Total investments in residential real estate in China had amounted to about 7.5 trillion yuan in 2013.
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Value added in the Chinese construction industry from 2008 to 2018 (in billion yuan)

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