China Soon Will Have 50% of the Global Building Market
from SeekingAlpha.com: Home Page by The Indian Analyst
Ajay Jindal submits:
Figures about China boggle the mind. Here’s another one (the second line).
China has the world’s largest construction market. Over the next decade, China will build half of the world’s new buildings and is currently adding 2 billion square meters of floor space annually.
Currently, 44 billion square meters of buildings exist in China. In order to meet China’s Green Building Standard many of those buildings need renovations for energy conservation. Additionally, it is estimated that by 2020, there will be an additional 30 billion square meters of new construction. This is about 3 billion square meters per annum.