Abstract
Report Scope and Methodology
This report about the China' s cement, concrete & aggregate markets examines
China' s macroeconomic trends, investment environment, construction industry
structure and capacities, production and demand, end-user market consumption
trends, distribution channels, and industry participants. Long-term forecasts
for major cement, concrete & aggregate production and demand are included. Key
producers of cement, concrete & aggregate are profiled. Top Chinese cement and
concrete producers are listed in the producer directory section.
Most primary and secondary research was done in China in order to access
up-to-date government regulations, market information and industry data. Data
is collected from the Chinese government publications, Chinese construction
industry associations, local governments' construction industry bureaus, and
the Internet web. Interviews are conducted with Chinese industry experts, and
cement, concrete & aggregate producers in China.
Historical data include 1996, 2001 and 2006. Longterm development trends are
projected to the years 2011 and 2016. Economic models and quantitative methods
are applied in this report to project market demand and industry trends.
Metric system is used and values are presented in either Yuan (RMB, current
price) and/or US dollars. Exchange rate for 2004 is based on the annual
average rate (7.9 Yuan per US dollar). The word "demand" is used
interchangeably with "consumption". The word "output" is used interchangeably
with "production". Totals may not add due to rounding.
Executive Summary
China has experienced over two decades of high economic growth, which has been
stimulated by the consecutive increases of industrial output, consumer
consumption and capital investment. China' s GDP has been growing at 11% per
annum. National industry output has been advancing at 10.3% annually and will
continue to sustain a strong growth into the next decade. The fast-growing
middle class is creating an enormous consumer society. As the fastest-growing
economy in the world, the emerging market has attracted the attention of
investors and corporations around the world for the last two decades.
To deepen the reform of state-owned enterprises is a long-term task and needs
great efforts. The reform of state-owned economy has witnessed rapid changes
in both economic and social aspects. The introduction of foreign advanced
technology and capitals will continue to be favored by the Chinese government
and business community. New ways will be adopted to utilize foreign
investment, including mergers, acquisition, and investment funds and
securities investment. China will continue to improve its investment
environment in the areas of legal system, intellectual property protection,
foreign trade and investment regulation, infrastructure and financial system.
China is the second largest foreign investment recipient after the United
States in the world today. Given its vast market, the country provides
tremendous opportunities for investment and trade both for the present and
future.
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