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Wednesday, August 6, 2014
China Construction Market to Grow at a CAGR of 9.72% to 2018
The Chinese construction industry recorded a nominal CAGR of 19.99% during the review period (2009–2013). This growth was supported by public investments in infrastructure, residential and industrial construction. The participation of the private sector through public-private partnerships (PPPs) also helped to boost construction activity in the country. Over the forecast period (2014–2018), the growth will be supported by the expanding economy and increased government spending on public infrastructure.
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