Analysis of the Chinese Construction Industry Features and Trends of Development

Abstract

Introduction. The construction industry belongs to the branch of material production focused on research, design, construction and maintenance of buildings and structures. It can be divided into four main sectors: housing, construction of infrastructure, industrial construction and professional engineering. The aim of the present research is to identify the challenging issues and aspects in the construction industry of China.Materials and Methods. The comparative analysis of the construction industry features and historical evolvement, as well as the analysis of the existing problems and trends in its development served a tool for solving the objective set forth.Results. The conducted research made it possible to define the distinctive features of the Chinese construction industry and revealed its major problems. The article identified the most forward-looking trends in development of the construction industry.Discussion and Conclusion. To overcome the problems existing in the construction industry of China, the main moves to encourage the development of the industry by investing funds into the technological research and findings have been identified, which lead to mutual benefit and global development taking into account the foreign experience.