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Q3 2016 China construction outlook: More room for growth?

Q3 2016 China construction outlook: More room for growth?

Report summary

China's construction sector is paramount in metals demand, accounting for 20% of global steel demand, 14% of global aluminum demand, and 11% of global copper demand. It also contributes more than 30% of China’s GDP.

China's building completions peaked in 2014. We expect the sector to face a structural decline longer term, but the housing recovery led by state-owned-enterprise investment since early 2016 has distorted the market. Is there more room for growth in the short term?

The story is not complete without considering the non-residential sector. Its share of total Chinese construction has grown from 26% in 2000 to nearly 50% in 2015. How will China's economic transition towards a service-based economy impact non-residential construction? Which will be the fastest-growing sectors within non-residential construction?

This insight assesses the key drivers of China's residential and non-residential construction, and presents our outlook to 2035.

What's included?

This report includes 2 file(s)

  • Q3 2016 China construction outlook - More room for growth.pdf PDF - 1.13 MB
  • Q3 2016 China construction data.xls XLS - 88.00 KB

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

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