China’s construction industry
is booming and its market is increasing over 10 percent every year. According to
the China Building Materials Association, that the gross profit of the building
materials will exceed USD 1.2 billion.
The Olympic
Games always means
business opportunities. Hosting the Olympics in 2008 will accelerate the growth
of transportation, construction industries, and environmental protection
industries and help them meet international standards in China. The access of
WTO also ease the trade procedures.
Comparing with European developed
countries, the manufacture level and design level are lower in China. There is
an existing market in between. The market requires advanced technologies,
high-tech products, new stylish design and total systematic solutions.
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Materials design and production level
are lower in
China
than those in
Europe.
-
The
market demands more and more high standard commercial buildings such as
offices, hotels and other public facilities as Chinese economy
growing.
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Environment
protection and energy saving are the two key focuses from government.
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Minority Chinese are getting richer and
richer. 20% of population own 80% of the savings. They are ready to pay.
Apartment price in
Beijing
:
Urban area RMB 6,000 to RMB 15,000/㎡,
that is Euro 700 to Euro1,500/㎡.
-
Government regulations of phasing out
of “shell” or “unfinished” (“Maopi”) homes and those will be
replaced with fully
outfitted homes. I.e. installed kitchen, bathrooms, walls, floors and plumbing.
This will have an immediate impact on material market and result in the
competition of higher-class interior fittings.
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Substandard building construction and the use of
poor quality building materials rank as two of the top complaints by Chinese
consumers.
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The choice of building and decoration material has
substantially influenced on real estate developers and end consumers. They are
more and more concern on building and decoration material than ever before.
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The use of new technology and high-quality product
is inevitable. The Chinese needs support from foreign new technology in this
field from developed countries, especially, Euro-style.
