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China’s industrial construction sector to recover with 13.4% forecasted growth in 2021

  • The industrial sector in China is expected to register an annual growth rate of 13.4% in real terms in 2021, and recording an annual average growth of 4.8% between 2022-2025, supported by the improvement in industrial, manufacturing and export activities

  • Additionally, investments in new industrial parks will support the industrial sector’s forecast-period output

  • Amongst the major projects planned, in June 2020, the Shunde district in the Guangdong province announced plans to build 10 ultra-large modern thematic industrial parks in the Guangdong-Hong Kong-Macao Greater Bay Area. The industrial parks will cover a total area of over 2,000ha, and will involve an investment of CNY4 billion ($579.6 million) by 2023

China’s industrial construction sector to recover with 13.4% forecasted growth in 2021

Published: October 2021
Source: GlobalData



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