Business Monitor International


China Infrastructure Report

Published 03 October 2014

  • 161 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
China Infrastructure Report

BMI View : The continued use of monetary and fiscal stimulus measures by the Chinese government at the expense of structural reforms suggests that near-term growth in China's infrastructure and construction sectors could be stronger than previously expected. That said, we still expect China's construction and infrastructure sectors to experience a structural slowdown over the long-term. The key reason for this outlook is because we believe that the basis for this increase in fixed asset investment is through the increase in liquidity in China's financial system, an unsustainable investment model due to the diminishing marginal return on expenditure.

Key Trends And Developments

  • Although the Chinese central government is increasingly aiming for economic growth to be driven by private consumption instead of fixed asset investment, the latter - particularly into infrastructure sector - continues to be viewed by the central government as a critical way to generate a satisfactory economic growth rate in the near term.

  • The Chinese government is increasingly keen to inject greater private sector participation into the country's infrastructure sector. In July 2014, China's plans to develop a CNY200-300bn railway development fund made progress, with the National Development and Reform Commission (NDRC), the central government's economic planning agency, published guidelines for the proposed fund. Following that, in August 2014, the Chinese central government gave the approval for the state-owned railway operator China Railway Corporation to lease and develop the surrounding area of railway stations for commercial purposes. However, no details on the scale and timeframe for the fund were given. The fund was proposed by the government in July 2013, and the deadline for the guidelines was originally scheduled to be released by the end of 2013.

  • Airports remain high on the government's agenda, which is reflected in our bullish airports infrastructure value forecast....

Table of Contents

BMI Industry View
7
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Table: Construction And Infrastructure Industry Data (China 2012-2017)
11
Table: Construction And Infrastructure Industry Data (China 2018-2023)
13
Transport Infrastructure - Outlook And Overview
22
Table: Transport Infrastructure Industry Data (China 2012-2017)
22
Table: Transport Infrastructure Industry Data (China 2018-2023)
23
Table: China - Key Guidelines For Railway Development Fund
28
Table: Major Projects Table - Transport
36
Energy And Utilities Infrastructure - Outlook and Overview
53
Table: Energy And Utilities Infrastructure Data (China 2012-2017)
53
Table: Energy And Utilities Infrastructure Data (China 2018-2023)
54
Table: Major Projects Table - Energy And Utilities
73
Residential/Non Residential Building - Outlook And Overview
88
Table: Residential and Non-Residential Building Industry Data (China 2012-2017)
88
Table: Residential and Non-Residential Building Industry Data (China 2018-2023)
89
Table: Major Projects Table - Residential/Non-Residential Construction and Social Infrastructure
95
Industry Risk Reward Ratings
99
China - Infrastructure Risk/Reward Ratings
99
China's Risk/Reward Ratings
99
Rewards
99
Risks
99
Asia Pacific - Risk/Reward Ratings
100
Developed Markets: Favoured
101
Giants Of Asia: Rewards Sizeable, Risks Sizeable
104
South East Asia: Environment Deteriorating Slightly
105
Table: Asia Pacific Infrastructure Risk/Reward Ratings
107
Market Overview
108
Competitive Landscape
108
Table: EQS Data
108
Company Profile
110
Sinohydro
110
China Communications Construction
114
Shanghai Construction Group
117
China Railway Group
120
China Railway Construction Corporation
124
Global Industry Overview
128
Global Infrastructure Overview
128
Methodology
134
Industry Forecast Methodology
134
Sector-Specific Methodology
135
Risk/Reward Rating Methodology
139
Sector-Specific Methodology
140
Table: Infrastructure Risk/Reward Rating Indicators
140
Table: Weighting Of Indicators
141

The China Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's China Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Chinese infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for China to test other views - a key input for successful budgetary and planning in the Chinese infrastructure market.
  • Target business opportunities and risks in the Chinese infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in China.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Rankings

BMI's Infrastructure Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc