EAST ASIA Ӏ CONSTRUCTION REPORT
transport and energy will set the stage for recovery beyond 2026…
THE CHINESE CONSTRUCTION MARKET The Chinese construction industry is projected to grow by 3.2% in 2025, powered by robust activity in the infrastructure, energy, and utilities sectors; these sectors are forecast to see growth of 5.6% and 6.9%, respectively, in 2025. Major new project launches and surging investment mark this surge, with 182 major projects commenced in Q1 2025 totalling CNY340 billion ($47.4 billion), a 39.1% increase year-on-year compared to 2024. Notable among these are high- speed rail and expressway projects, as well as major investments in high-tech manufacturing facilities and AI science parks. In 2024, similar trends led to
a 4% growth in real terms, with immense government investments: over CNY1.2 trillion ($167.5 billion) in renewable energy, CNY569 billion ($79.4 billion) in water conservation, and CNY337.3 billion ($47.1 billion) in railway projects in the first half of the year.
SECTOR PERFORMANCE Infrastructure development has been key to growth. This includes investments in roads, bridges, railways, water conservancy, and urban transit.
When it comes to the energy and utilities sectors, these have been bolstered by renewable and traditional energy projects with the government’s commitment visible in expansive funding rounds. China’s industrial construction
sector grew by 6% in 2024. The country has become a leader in global auto manufacturing and export, with additional growth driven by EV battery plant investments. Weakness persists in the
residential construction sector, CRANES TODAY 17
however, with investment in this sector having fell by over 10% year-on-year in early 2024. The government announced a CNY300 billion affordable housing loan to stabilise the sector. Institutional sectors, such as
healthcare, education, and R&D, are being expanded aggressively by public funds, and growth rates above 5% annually through 2025–2028 are expected.
YEAR-ON-YEAR GROWTH In 2023, 25 out of 31 provinces recorded year-on-year construction output growth; regions such as Tibet, Liaoning, Xinjiang, and Guangdong saw
9–12% increases. Urbanisation remains a
long-term driver, with large city populations requiring new infrastructure and building stock. Major industry players
like China Communications Construction Co. and China State Construction International Holdings are focusing on technological innovation, green energy, and “smart+” solutions, leveraging big data and new construction technologies. Chinese companies remain globally competitive, with a strong presence in infrastructure contracting, transport integration, and engineering.
XCMG CLAIMS EUROPEAN GROWTH STRATEGY IS GAINING TRACTION WITH INCREASED REGIONAL TRUST
Chinese crane manufacturer XCMG Machinery showcased its latest fuel-effi cient and low-emission cranes for the European market at industry events this summer. The company debuted its XCA60_ EV hybrid all-terrain crane at Vertikal Days in the UK, at France's JDL Expo, and at GIS in Piacenza, Italy – all in September. Also at GIS, XCMG also debuted another Europe-specifi c model: the XCR50_E rough-terrain crane. "XCMG is committed to supporting sustainable and intelligent infrastructure development across
Europe,” says Sun Jianzhong, vice president of XCMG Construction Machinery and general manager of XCMG Crane. “'Rooted in Europe, Dedicated to Europe' is both our strategic focus and our commitment to customers and the environment." According to XCMG the strategy is already gaining traction, with the company claiming bulk
orders from customers in Germany, France, the Netherlands, and other European markets. This, it says, underscores growing regional trust in the company's lifting equipment and solutions.
Grant Currivan, sales representative at XCMG UK spoke to Cranes Today about the XCA60_EV all terrain crane at Vertikal Days. See the video on our LinkedIn page here:
https://shorturl.at/fQ1ot
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