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China's building market is one of the largest and fastest-growing in the world. In 2021, the total value of construction work in China reached a staggering RMB 29.3 trillion (USD 4.4 trillion). This represents an increase of 11.4% from 2020. The growth of China's building market is being driven by a number of factors, including urbanization, rising incomes, and government investment.
The Chinese government is a major purchaser of construction products and services. In 2021, the government procured RMB 12.4 trillion (USD 1.8 trillion) worth of construction products and services. This represents approximately 42% of the total value of construction work in China. The government's procurement of construction products and services is a major driver of demand in the Chinese building market.
The main building products and services procured by the China:
Prefabricated modular buildings
steel-framed structures
earthquake-resistant building materials
smart building technology
air purification systems.
Off-site construction
robotics and automation in construction
construction waste recycling
building information modeling (BIM)
supply chain management.
The top authorities for China building procurement are:
Ministry of Housing and Urban-Rural Development (MOHURD)
National Development and Reform Commission (NDRC)
Ministry of Finance (MOF)
Ministry of Commerce (MOFCOM)
The top winners of China building procurement are:
China State Construction Engineering Corporation (CSCEC)
China Railway Engineering Corporation (CREC)
China Metallurgical Corporation (MCC)
China National Petroleum Corporation (CNPC)
State Grid Corporation of China (SGCC).
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