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'Frost & Sullivan Predicts a Slowdown in Chinese Building Technologies Industry'

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China news Frost & Sullivan Predicts a Slowdown in Chinese Building Technologies Industry
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Frost & Sullivan Predicts a Slowdown in Chinese Building Technologies Industry

By Art C Ryter at 06/30/09 06:01

The Chinese Building Technologies industry is experiencing a slowdown as the worldwide economic recession hits China. Although commercial building construction in China has declined, there is still room for growth. The market is saturated by smaller firms while the three largest firms have approximately 20% of whole market signifying room for consolidation and mergers. There is also the issue that the major trend in China is towards greater urbanization and increased construction. Growth has slowed from 13% in 2008 to roughly 9% at the beginning of 2009. The infrastructure and urbanization stimulus offered by the Chinese government should help maintain moderate growth and development in China throughout the recession.

Frost & Sullivan :: Frost & Sullivan Predicts a Slowdown in Chinese Building Technologies Industry

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