The Chinese Construction Industry Report is Segmented by Sector (Residential, Commercial, Industrial, Infrastructure (transportation), Energy, and Utilities). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

China has become the largest construction market in the world. In 2020, the construction industry value in China amounted to 1,049 billion U.S. dollars. As the government has planned to focus on improving the infrastructure in small and medium-sized cities, the construction industry was forecasted to maintain a continuous growth at around five percent annually.

In 2023, the construction industry in China generated an output of over 31 trillion yuan, representing an increase of almost 100 percent from a decade ago.

Stimulus from the real estate sector and government-funded projects With the liberalization of the housing market in the late 1990s, China's real estate industry enjoyed a 20-year boom since the early 2000s. Amidst the surge in housing prices, local governments across China received considerable non-tax revenue from land leases and in turn, invested the funds in infrastructure development projects. This led to the continuous prosperity of the country’s construction industry.

A vital segment of China’s economy Thanks to the stimulus from housing developments and infrastructure projects, the construction industry is now one of the pillar industries of China's economy, accounting for around seven percent of the country's GDP. However, with the recent difficulties experienced by many major real estate enterprises, and the stagnation in infrastructure construction owing to local governments' debt situation, China's construction sector faces a somewhat uncertain future.

China Construction Market size was valued at USD 1.3 Trillion in 2024 and is projected to reach USD 2.2 Trillion by 2032, growing at a CAGR of 7.2% from 2025 to 2032.

China Construction Market Drivers

Population Growth and Urbanisation

The need for residential, commercial, and industrial construction is still being driven by rapid urbanisation.
Construction is fuelled by the government’s ambition to create “megacities” and urban clusters.
Development of Infrastructure

National initiatives like the Belt and Road Initiative (BRI) continue to prioritise large expenditures in infrastructure, including energy projects, water management systems, and transportation (airports, highways, and railroads).
The construction landscape is growing as a result of projects targeted at improving rural infrastructure.
Stimulus measures and economic policies

Large-scale construction projects are frequently a part of fiscal plans aimed at economic growth.
A balanced building demand is indirectly supported by the central government’s emphasis on lowering house speculation while preserving steady real estate expansion.

The China construction market, valued at $4.59 billion in 2025, is projected to experience robust growth, driven by significant investments in infrastructure development, urbanization, and energy transition initiatives. A Compound Annual Growth Rate (CAGR) of 5.07% from 2025 to 2033 indicates a substantial expansion, reaching an estimated market value exceeding $7 billion by 2033. Key growth drivers include government policies promoting sustainable development, rapid economic growth fueling demand for residential and commercial construction, and the ongoing expansion of transportation networks (high-speed rail, roads, and ports). The market is segmented across residential, commercial, industrial, infrastructure (transportation), and energy and utilities sectors, with infrastructure projects playing a dominant role, given the government's focus on modernization. Major players like China State Construction Engineering, China Communications Construction Company, and China Railway Group are leveraging their expertise and scale to capitalize on this growth. While challenges exist, including potential material price fluctuations and environmental regulations, the overall outlook remains positive, supported by sustained government investment and a burgeoning middle class driving housing demand. Despite the promising outlook, the market faces some restraints. These include potential labor shortages, the need for enhanced technological adoption to improve efficiency and sustainability, and managing the environmental impact of large-scale construction projects. Navigating these challenges will be crucial for continued growth. The increasing emphasis on sustainable construction practices presents both a challenge and an opportunity, requiring companies to invest in green technologies and eco-friendly building materials. This focus on sustainability will influence future growth and necessitate adaptation from market players. The ongoing geopolitical landscape and potential economic shifts could also influence the trajectory of this dynamic market in the coming years, requiring continuous monitoring and strategic adjustments by businesses operating within this sector. Recent developments include: December 2023: Recently, "Engineering News-Record" (ENR), one of the world's most authoritative academic journals in engineering and construction, announced the winners of the 2023 Global Best Projects Awards. I received awards for two projects. The Lamu Port Berth 1-3 Project was honored with the Award of Merit in the Airport and Port category, while the Peljesac Bridge and its access roads in Croatia received the Award of Merit in the Bridge and Tunnel category., July 2023: The Shaoxing Metro Line 2, constructed by CRCC, officially opened, marking the commencement of a new era of automated and driverless subway systems in Shaoxing. This 10.8-kilometer line, featuring nine stations, represents Shaoxing's inaugural automated and driverless subway and the second in Zhejiang Province. As a co-host city with the most events for the Asian Games, the inauguration of Line 2 will further boost the development of the "Commuting Circle" for the Hangzhou Asian Games, providing robust support for the successful hosting of the event.. Key drivers for this market are: Government Infrastructure Spending, Urbanization and Increasing Disposable Incomes. Potential restraints include: Oversupply in the Real Estate, Labor Shortages. Notable trends are: Increase in Output value of China Construction Industry.

China Construction: Revenue data was reported at 27,313,040.281 RMB mn in 2022. This records an increase from the previous number of 26,789,573.690 RMB mn for 2021. China Construction: Revenue data is updated yearly, averaging 5,507,559.879 RMB mn from Dec 1993 (Median) to 2022, with 30 observations. The data reached an all-time high of 27,313,040.281 RMB mn in 2022 and a record low of 318,722.170 RMB mn in 1993. China Construction: Revenue data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: All.

In 2023, the construction industry in China generated an added value of approximately 8.6 trillion yuan.China's leadership in global construction marketWith total construction spending amounting to 1.78 trillion U.S. dollars in 2013, China was by far the largest construction market worldwide. The world’s six largest construction companies in 2023 were all from China. The largest construction company in the world, the China State Construction Engineering Corporation (CSCEC), had generated revenues of exceeding two trillion yuan in 2022. How important is construction in China? The success of China’s construction industry is closely linked to domestic urbanization efforts and economic development. Thus, it is not surprising that eastern coastal provinces such as Jiangsu or Zhejiang had been among the regions with the highest construction industry revenue in China.The construction industry account for a large proportion of China’s GDP and hence plays an essential role in domestic economy. Added value from the construction industry in China has been increasing by at least 3.5 percent annually in the recent decade, ranging above the average level of China’s GDP growth during the same period. Another significant sector, residential real estate development has been seen as a main driver of China’s economy in the recent decade. Around 693 million square meters of floor space had been built in 2023.

China Building Construction: Value Completed: Total data was reported at 7,863,563.000 RMB mn in 2024. This records a decrease from the previous number of 8,182,805.000 RMB mn for 2023. China Building Construction: Value Completed: Total data is updated yearly, averaging 6,104,224.970 RMB mn from Dec 2003 (Median) to 2024, with 22 observations. The data reached an all-time high of 8,182,805.000 RMB mn in 2023 and a record low of 901,173.500 RMB mn in 2003. China Building Construction: Value Completed: Total data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.ED: Construction: Building Construction: Value Completed.

The Chinese Data Center Construction Market Report is Segmented by Infrastructure (Electrical Infrastructure (Power Distribution Solution (PDU, Transfer Switches, Switchgear, Power Panels and Components, and Other Infrastructure)), Power Back-Up Solution (UPS and Generators), Service (Design and Consulting, Integration, and Support and Maintenance)), (mechanical Infrastructure (Cooling Systems (Immersion Cooling, Direct-To-Chip Cooling, Rear Door Heat Exchanger, In-Row and In-Rack Cooling)), Racks and Other Mechanical Infrastructure)), General Construction)), Tier Type (Tier 1 and 2, Tier 3, and Tier 4), End User (Banking, Financial Services and Insurance, IT and Telecommunications, Government and Defense, Healthcare, and Other End Users). The Report Offers Market Sizes and Forecasts in USD Values for all the Above Segments.

In 2023, the construction industry accounted for about 6.8 percent of China's gross domestic product (GDP), representing a slight increase of 0.1 percent from the previous year.

A vital industry for the economy Since the 1998 housing reform, China's real estate industry has expanded dramatically and has become one of the country's pillar industries. Similarly, China's infrastructure construction has also boomed since the early 2000s. To mitigate the impact of the 2008 global financial crisis and maintain the country's economic output, the Chinese government launched a four trillion yuan stimulus plan and invested substantial resources in infrastructure development across the country, such as high-speed railway and highway projects. These developments have all made the construction industry one of the most important segments of the Chinese economy.

An important employer nationwide The construction industry also plays a key role in China's labor market, with more than 50 million people employed in the sector in 2023. It is also one of the top sectors for China's migrant workers, with more than 15 percent working in construction in 2023. However, due to the challenging working environment, more and more young migrant workers are choosing to work in other professions, such as couriers and food delivery. With China's real estate sector facing significant headwinds, infrastructure construction stagnating, and local governments now under substantial fiscal pressure, the future of China's construction industry is becoming increasingly uncertain.

China Construction: Number of Employee: Average data was reported at 59,620.700 Person th in Dec 2024. This records an increase from the previous number of 53,712.800 Person th for Sep 2024. China Construction: Number of Employee: Average data is updated quarterly, averaging 39,931.300 Person th from Jun 2003 (Median) to Dec 2024, with 86 observations. The data reached an all-time high of 67,952.800 Person th in Dec 2023 and a record low of 16,750.700 Person th in Mar 2004. China Construction: Number of Employee: Average data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: All.

China Construction: Value Added: Total Wages: Main Business data was reported at 2,409,914.409 RMB mn in 2017. This records an increase from the previous number of 2,292,984.314 RMB mn for 2016. China Construction: Value Added: Total Wages: Main Business data is updated yearly, averaging 377,216.000 RMB mn from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 2,409,914.409 RMB mn in 2017 and a record low of 41,261.730 RMB mn in 1993. China Construction: Value Added: Total Wages: Main Business data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EC: Construction: Value Added.

China Construction: Number of Employee data was reported at 50,434.857 Person th in 2023. This records a decrease from the previous number of 50,634.000 Person th for 2022. China Construction: Number of Employee data is updated yearly, averaging 25,002.800 Person th from Dec 1980 (Median) to 2023, with 39 observations. The data reached an all-time high of 55,296.339 Person th in 2017 and a record low of 6,480.000 Person th in 1980. China Construction: Number of Employee data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: All.

The construction decoration sector in China was growing steadily, reaching a total output value of roughly 1.37 trillion yuan in 2023. Benefiting from the rapid urbanization, the construction industry in China generated an output of over 31.6 trillion yuan in 2023.

China Building Construction: Profit to Capital Ratio data was reported at 23.400 % in 2018. This records an increase from the previous number of 22.300 % for 2017. China Building Construction: Profit to Capital Ratio data is updated yearly, averaging 18.500 % from Dec 1996 (Median) to 2018, with 21 observations. The data reached an all-time high of 28.500 % in 2013 and a record low of 4.800 % in 1997. China Building Construction: Profit to Capital Ratio data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: Building Construction.

China Building Construction: Project Revenue data was reported at 15,023,247.144 RMB mn in 2022. This records an increase from the previous number of 14,945,120.394 RMB mn for 2021. China Building Construction: Project Revenue data is updated yearly, averaging 5,085,206.930 RMB mn from Dec 1996 (Median) to 2022, with 25 observations. The data reached an all-time high of 15,023,247.144 RMB mn in 2022 and a record low of 495,063.610 RMB mn in 1996. China Building Construction: Project Revenue data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: Building Construction.

China Construction: Long Term Investment data was reported at 497,063.350 RMB mn in 2010. This records an increase from the previous number of 392,960.320 RMB mn for 2009. China Construction: Long Term Investment data is updated yearly, averaging 194,706.480 RMB mn from Dec 1997 (Median) to 2010, with 13 observations. The data reached an all-time high of 497,063.350 RMB mn in 2010 and a record low of 22,280.350 RMB mn in 1997. China Construction: Long Term Investment data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: All.

This statistic shows the number of employees working in construction enterprises in China from 2013 to 2023. In 2023, Chinese construction enterprises employed approximately 50.44 million people.

Construction: GOV: Building Construction: Heilongjiang data was reported at 55,095.718 RMB mn in 2023. This records a decrease from the previous number of 56,810.589 RMB mn for 2022. Construction: GOV: Building Construction: Heilongjiang data is updated yearly, averaging 46,884.656 RMB mn from Dec 1993 (Median) to 2023, with 30 observations. The data reached an all-time high of 126,064.046 RMB mn in 2013 and a record low of 9,962.400 RMB mn in 1993. Construction: GOV: Building Construction: Heilongjiang data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.EB: Construction: Gross Output Value: by Industry.

China Construction: Project Cost data was reported at 24,632,363.170 RMB mn in 2022. This records an increase from the previous number of 24,139,114.125 RMB mn for 2021. China Construction: Project Cost data is updated yearly, averaging 4,797,161.861 RMB mn from Dec 1993 (Median) to 2022, with 30 observations. The data reached an all-time high of 24,632,363.170 RMB mn in 2022 and a record low of 265,141.530 RMB mn in 1993. China Construction: Project Cost data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Construction Sector – Table CN.EE: Construction Enterprise: All.