Building And Construction In Asia Pacific > China > China
We have downgraded our 2021 construction growth forecast to 3.4% from 8.9% previously, despite an expected ramp up in activity over Q1 2021 with residential building activity surging ahead. The revision is the result of macro policy which supports higher corporate investment, diverting investment away from real estate and infrastructure expenditure. We now anticipate construction activity to be pushed into 2022 (+7.0%) as a backlog of infrastructure projects get underway.
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