25.07.2012 - Global construction industry needs full recovery in China
While growth in China is slowing, the real estate market continues to show signs of a recovery. As almost one-third of the economy in China is related to the construction sector, both residential and commercial, this will be bullish as much of the global construction industry depends on a strong China now. Growth for China in the second quarter of 2012 was just reported at 7.6%, the lowest in three years. Previously, growth in the People’s Republic had registered at an annual rate of 10%. It is not mere coincidence that the real estate market in China has been in a slump along with the falling growth rate for the country...............................................Full Article: Source
Print