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By 2020 China Will Pass U.S. As Preeminent Construction Market

Publication Date: 11/18/2009
Author: Peter Reina
Format: HTML

China will push the U.S. into second place as the world’s biggest construction market before the end of the next decade, according to a new Web-based report called Global Construction 2020. With its construction sector set to rise at an annual average of 6.3% for the next five years, the U.S. will be among the world’s top 12 fastest-growing markets, but it will lose its preeminent position, according to the report’s 10- year global projections.

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