The value of China construction market is forecasted by GlobalData to grow by 4.4% in real terms in 2023, having grown by 4.4% in 2022. A key growth market will be the infrastructure market, with output rising by 18.0% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the five largest construction projects initiated in China during Q2 2023, according to GlobalData’s construction projects database.
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1. Pinglu Canal Waterway
The project involves the construction of the 140km canal waterway in Guangxi.
Construction work started in Q2 2023 and is expected to be completed in Q4 2026.
The main aim of the project was to increase the water supply for irrigation in the region.
2. Jinghe Monocrystalline Silicon Wafers and Cells Manufacturing Plant
The project involves the construction of a monocrystalline silicon wafers and cells manufacturing plant in Jinghe New Town, Xixian New District, Xi’an, Shaanxi.
Construction work commenced in Q2 2023 and is expected to finish in Q4 2025.
The project aims to meet the growing demand for monocrystalline silicon wafers and cells in the region. it will create 15,000 jobs. Buy the profile here.
3. Guangxi Fangchenggang Offshore Wind Farm 2000 MW
The project involves the construction of an offshore wind farm in Fangchenggang, Guangxi.
Construction work started in Q2 2023 and is forecast to complete in Q4 2027.
This project aims to increase electricity generation capacity using a renewable source to meet the growing demand for energy in the region. Buy the profile here.
4. Ningbo-Cixi Intercity Railway
The project involves the construction of an 64km intercity railway line in Zhejiang.
Construction work commenced in Q2 2023 and is expected to be completed in Q1 2027.
The project aims to expand the intercity railway line from Ningbo Luotuo North Station to Cixi New Town Avenue to improve connectivity in the region. Buy the profile here.
5. Luoyang Ethylene Plant
The project involves the construction of a one million TPA ethylene plant in Luoyang, Henan.
Construction work started in Q2 2023 and is expected to be completed in Q4 2025.
The project aims to increase the production of ethylene used as ingredients for polyesters chips fibers, PET bottle-grade chips, polyester industrial yarn, coolants, paint formulations, and wire enamels. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
