Business Monitor International


China Infrastructure Report

Published 18 February 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 : We continue to hold the view that the recovery in China's construction activity in 2013 will not be sustainable in 2014 - we forecast construction real growth fall ing from 6.6% in 2013 to 5.1% in 2014. The key reason for this outlook is that the basis for this increase in fixed asset investment is increase d liquidity in China's financial system, an unsustainable investment model due to the diminishing marginal return on expenditure. The Chinese government is implementing reforms that could lead to a sustainable increase in construction activity (namely rural and privatisation reforms), but we believe they are unlikely to have a material impact over the near term.

Key developments in China's infrastructure sector

  • In November 2013, the Shanghai Transport & Port Authority announced plans to develop a new 90km tram network in the district of Songjiang, China, reports Railway Gazette. The network is slated to have a total of 118 stops across six lines. It is intended to be the first phase of an 800km network which is scheduled for implementation in Shanghai by 2020.

  • In January 2014, Sheng Guangzu, general manager of the China Railway Corporation (CRC), announced (cited from the China Daily) that about CNY630bn will be allocated as fixed asset investment into the railway sector, with more than 6600km of new railway lines to be built in China in 2014.

  • In January 2014, the State Grid Corporation of China announced (cited in the China Daily) that it plans to increase its fixed asset investment by 11.92% to reach CNY403.5bn in 2014, with CNY381.5bn injected into building electricity power grids.

  • Airports remain high on the government's agenda, which is reflected in our bullish airports infrastructure value forecast. The Chinese government announced that it will build 82 airports and refurbish a further 101 by 2015. This will take the number of airports in the country to around 230. The flagship project will be Beijing's second airport with...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: China Construction And Infrastructure Industry Data, 2012-2017
10
Table: China Construction And Infrastructure Long-Term Forecasts, 2018-2023
12
Transport Infrastructure - Outlook And Overview
23
Table: China Transport Infrastructure Forecasts, 2012-2017
23
Table: China Transport Infrastructure Forecasts, 2018-2023
25
Table: Major Projects Table - Transport
36
Energy And Utilities Infrastructure - Outlook and Overview
54
Table: China Energy and Utilities Infrastructure Industry Data, 2012-2017
54
Table: China Energy And Utilities Infrastructure Long-Term Forecasts, 2018-2023
55
Table: Major Projects Table - Energy And Utilities
69
Residential/Non Residential Building - Outlook And Overview
85
Table: Residential and Non-residential Building Industry Data, 2012-2017
85
Table: China Residential and Non-residential Building Industry Data, 2018-2023
86
Table: Major Projects Table - Residential/Non-Residential Construction and Social Infrastructure
92
Industry Risk Reward Ratings
96
China - Infrastructure Risk/Reward Ratings
96
China's Risk/Reward Ratings
96
Rewards
96
Risks
96
Asia Pacific - Infrastructure Risk/Reward Ratings
97
Table: Asia Pacific Infrastructure Risk Reward Ratings
104
Market Overview
105
Competitive Landscape
105
Table: EQS Data
105
Company Profile
107
Sinohydro
107
China Communications Construction
111
Shanghai Construction Group
115
China Railway Group
118
China Railway Construction Corporation
122
Global Infrastructure Overview
127
Africa In 2014: PPPs Cement Global Appeal
127
Asia-Pacific In 2014: Shaping Up To Be A Benign Year
132
Latin America In 2014: A Prosperous Year For Infrastructure Development
139
MENA In 2014: Reaping Rewards Despite Risks
142
North America And Europe In 2014: Turning A Corner
147
Methodology
154
Industry Forecast Methodology
154
Sector-Specific Methodology
155
Risk/Reward Rating Methodology
159
Sector-Specific Methodology
160
Table: Infrastructure Risk/Reward Rating Indicators
160
Table: Weighting Of Indicators
161

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 Ratings

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

The ratings 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