Present Situation Analysis and Development Trend Forecast of China’s Construction Industry
2011 is at the beginning of the twelfth five-year plan (the twelfth five-year plan of national economy and society development in the People’s Republic of China), so it is necessary to review the situation of China’s construction industry and make its development trend forecast, which will be useful to guide China’s construction industry and the macro-economic control. According to the scale of fixed assets investment and the result of difference method, there is a proper evaluation of current China’s construction industry. The 4 billion investment plan had a huge impact on the China’s construction industry in the period of the eleventh five-year plan.This paper is to forecast the output and the added value of China’s construction industry in the period of the twelfth five-year plan by the use of time series analysis, based on the data from 2001 to 2010. The results show that China’s construction industry will get a rapid growth yet in the period of the twelfth five-year plan.
Dongye Sun, Wen-Pei Sung and Ran Chen
J. J. Tang et al., "Present Situation Analysis and Development Trend Forecast of China’s Construction Industry", Applied Mechanics and Materials, Vols. 121-126, pp. 4053-4058, 2012