MARKET INSIGHT | ASIA-PACIFIC


North-East Asia


North-East Asia’s industrial growth is largely innovation-driven in tech-orientated sectors. Semiconductors and EV production plants make up a large proportion of the project pipeline. The region’s project pipeline totals $940.6bn, which accounts for approximately 18.6% of the overall global pipeline value, of which China’s industrial construction projects are estimated at $659.5bn or 70.1% of the region project pipeline, by value. China’s renewed focus on innovation and self-reliance has driven an uptick in


investment in semiconductor manufacturing plants. In March 2025, Jiashan Nanxin Semiconductor Technology (JNST) announced its plan to develop a major chip testing industrial park in Jiashan County, Jiaxing City. The project will be implemented in two phases on a 2ha site. The first phase will be developed by Q3 2032, while the second phase will be developed by Q3 2035. The project reflects China’s ongoing push to bolster its semiconductor capabilities and reduce reliance on foreign technology in critical sectors.


North-East Asia – Industrial construction project pipeline Value by stage ($ millions)


In April 2025, a new law aimed at boosting confidence in the private sector while strengthening the Chinese government’s role in China’s economy was passed amid heightened trade tensions with the US. Effective from May 2025, the new law hopes to encourage fair competition, improve legal protections and promote innovation within private businesses. However, the ongoing US-China trade tensions are expected to significantly impact China’s trade relations, as well as short to medium term investment and economic growth.


0


100,000


200,000


300,000


400,000


500,000


600,000


700,000


800,000  Pre-planning  Planning  Pre-execution  Execution


North-East Asia – Industrial construction project pipeline Value by stage and country ($ millions)


China South Korea Japan Taiwan Mongolia Hong Kong


0 100,000 200,000 300,000 400,000 500,000  Pre-planning  Planning  Pre-execution  Execution


North-East Asia – Industrial construction project pipeline By country and stage ($ millions)


Country China


South Korea Japan Taiwan


Mongolia Hong Kong Total (including others) 44 | July 2025 | www.hoistmagazine.com


Pre-planning 87,161 0


167


4,520 0 0


91,848


Planning 141,496 42,412 26,763 760 409 963


212,903


Pre-execution 10,016 92,672 5,282 0


84 4,500 112,554


Execution 420,855 33,407 21,175 34,289 12,638 935


523,299 Total


659,528 168,591 53,387 39,569 13,131 6,398


940,604 600,000 700,000


900,000


1,000,000


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55