BMI's Executive Summary

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As one of the fastest-developing economies in the world, China has an insatiable appetite for infrastructural development. This report valued the country's construction industry at US$146.40bn in 2006 and forecasts it to grow at an average rate of 11.3% during 2008-2012.

The recent growth witnessed on the infrastructure front has given a tremendous boost to industrial and tourism development in China. The government has re-affirmed its commitment to infrastructure building by chalking out some major development plans for the 11th five-year plan period (2006-2012). These include construction and upgradation of roads, railways, oil utilities, water infrastructure and ports. Major ongoing projects in the country include the US$36bn road and seaport development programme in Guangdong; the US$29.5bn high-speed rail-link between Guangzhou and Nanning; the US$8.2bn Sichuan-Shanghai pipeline project, and the US$6.58bn nuclear power project in Dalian.

A large number of companies are setting up manufacturing units in China. Furthermore, the Beijing Olympics in 2008 have encouraged a large number of international enterprises to set up hotels and resorts in the country. At present, nearly 496 hotel projects are underway in China. A state-of –the-art bird'snest- shaped Olympic stadium is also being constructed for the forthcoming games. Major companies operating in the country's infrastructure sector include China State Construction Engineering Corporation (CSCEC), China Railway Engineering Corporation (CREC) and China Railway Construction Corporation (CRCC). A rapid pace of development is, however, marred by poor labour conditions, high levels of corruption and a decrepit legal system. Although the construction industry has been dominated by a few large public-sector enterprises, China is now trying to make the industry more competitive.

According to BMI's forecast, the construction industry in China is expected to be worth about US$315.32bn by 2012, contributing about 7.17% to the nation's gross domestic product (GDP).

Chapter 1 - Executive Summary

Industry Trends And Development

Market Overview

China’s Economy In 2006

China’s Construction Sector In 2006

Major Companies

Some Recent Investment Initiatives

Chapter 2 - Key Projects

Transport

Utilities

Tourism

Construction

Olympics

Table: China Major Infrastructure Projects

Table: China Major Infrastructure Projects (cont)

Table: China Major Infrastructure Projects (cont)

Chapter 3 - Business Environment

Introduction

Table: Asia Business Attractiveness Ranking

Business Attractiveness Rankings – Methodology

Regional Overview

Business Environment Ranking

Long-Term Political Risk

Long-Term Economic Risk

Construction Growth

Competitive Environment

Anticipated Potential

Chapter 4 - SWOT Analysis

China Infrastructure Industry SWOT

China Economic SWOT

China Political SWOT

China Business Environment SWOT

Chapter 5 - Industry Forecast Scenario

Table: Infrastructure Indicators – Historical Data And Forecasts

Table: Infrastructure Indicators – Historical Data And Forecasts (cont)

Risks

Chapter 6 - Macroeconomic Activity

Table: China: Macroeconomic Data And Forecasts

Chapter 7 - Competitive Landscape

Table: China Infrastructure Key Players, 2005

Chapter 8 - Company Monitor

China State Construction Engineering Corporation (CSCEC)

China Railway Construction Corporation (CRCC)

Shanghai Construction Group (SCG)

China Harbour Engineering Company (CHEC)

China State Shipbuilding Corporation (CSSC)

Chapter 9 - BMI Forecast Modelling

How We Generate Our Industry Forecasts

Construction Industry

Sources

Competitive Landscape for Asia Infrastructure Reports: Sample of Companies Ranked

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Comparative company analyses and rankings by sales, % market share, employees, registration date and ownership structure. Company profiles include fully researched senior executives and contact details, business activity and leading products and services. SWOT (strengths, weaknesses, opportunities, threats) of the state’s business environment, infrastructure sector, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Network of Asian Infrastructure Sources

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BMI's Asian Infrastructure Reports are based on an extensive network of multilateral organisations, government departments, infrastructure industry associations, chambers of commerce and company reports. Information sources include: