Construction output growth slowed to 10.1% in the first quarter

China Coatings Network
:
15, the State Council Information Office held a press conference. Sheng Laiyun, a spokesman for the National Bureau of Statistics, introduced the state of the national economy in the first quarter of this year and answered questions from reporters.
first quarter of this year, gross domestic product reached 1466.7 billion yuan, up 7.0% year-on-year in terms of comparable prices, said Sheng, a government official. By industry, the value added of the tertiary industry was 777 billion yuan, up 3.2% YoY; The value added of the secondary industry was 6029.2 billion yuan, up 6.4% YoY; The value added of the tertiary industry was 7260.5 billion yuan, up 7.9% YoY. On a month-on-month basis, GDP grew by 1.3% in the first quarter. The press conference also revealed that in the first quarter of this year, the construction industry achieved a smooth start, with a total output value of 2889.5 billion yuan, up 10.1% YoY; National construction enterprises completed housing construction area of 7.515 billion square meters, an increase of 7.5% year-on-year. Fixed asset investment growth slowed
infrastructure investment space remains large
Data released by the National Bureau of Statistics showed that in the first quarter of this year, total fixed asset investment (excluding farmers) reached 7751.1 billion yuan, up 13.5% in nominal terms from a year earlier (14.5% in real terms excluding price factors). In terms of sub-industry, investment in the tertiary sector was 155.3 billion yuan, up 32.8% YoY; Investment in the secondary industry was 313.61 billion yuan, up 11.0% YoY; Investment in the tertiary sector was 4459.7 billion yuan, up 14.7% year-on-year. The total planned investment of new construction projects in the first quarter was RMB583.72 billion, up 6.1% YoY. In the tertiary sector, infrastructure investment (excluding electricity) reached 1285.9 billion yuan, up 23.1% YoY and 2.5 percentage points higher than in January-February. Among them, investment in water conservancy management increased by 15.8%, and the growth rate increased by 0.2 percentage points; Investment in public facilities management grew by 23.5%, with an increase of 3.6 percentage points; Investment in the road transport industry grew by 23.8%, with growth falling by 1.7 percentage points; Investment in the railway transport sector grew by 14.9%, an increase of 0.4 percentage points. Sheng Explained that although fixed asset investment growth is now generally falling, the potential for Chinese investment is still relatively large. Infrastructure investment grew 23.1 per cent in the first quarter of this year, up 0.6 percentage points from a year earlier. Over the years, China's infrastructure has made great achievements through the efforts of all levels of government, but there is still a huge gap between the level of infrastructure per capita and that of developed countries, especially in the central and western regions. Therefore, some environmental protection facilities, people's livelihood improvement related facilities, including underground pipe network construction, such as investment space is still very large. Real estate investment growth declined
the property market remained healthy
similarly, in the first quarter of this year, the growth rate of real estate development investment in China also declined significantly, to 166.51 billion yuan, an increase of 8.5% in nominal terms (excluding price factors increased by 9.5% in real terms), of which residential investment grew by 5.9%, the growth rate fell by 3.2 percentage points. New housing starts were 23.724 million square meters, down 18.4% year-on-year, with new housing starts down 20.9%. China's commercial housing sales area of 18.254 million square meters, down 9.2% Year-on-Year, of which residential sales area fell 9.8%. National commercial housing sales of 1202.3 billion yuan, down 9.3% YoY, of which residential sales fell 9.1%. Land acquisition area of real estate development enterprises was 40.51 million square meters, down 32.4% YoY. Real estate development enterprises put in place funds of 2789.2 billion yuan, down 2.9% YoY. For the general decline in the growth rate of real estate investment, Sheng Said that the real estate industry is a very important industry, its associated effect is relatively large, one head linked to investment, one head linked to consumption, so it is very important to maintain the stable and healthy development of real estate. Since last year, many places in accordance with the real estate market changes relaxed the purchase restrictions, the relevant departments have also relaxed the restrictions on loans, so there are some adjustments in real estate policy. But the direction of real estate policy adjustment is not to say that as strong as before to stimulate demand in all aspects. Now, real estate regulation and control has been from the previous administrative regulation to let the market better and more play the role of regulation. As things stand, although the trend of real estate is still in the process of differentiation and adjustment, but the effects of related policies are also emerging. From March's data, sales of commercial housing fell 1.6%, a sharp narrowing of 14.7 percentage points from January-February. Sales of commercial housing fell 2%, a sharp 13.8 percentage point decline from January-February. From this point of view, with the improvement of policies, the real estate market will maintain a healthy and stable development. The growth rate of the total output value of the construction industry continued to decline
opportunities and challenges coexisted
the first quarter of this year, the total output value of the national construction industry reached 288.95 billion yuan, up 10.1% YoY, down 5.8 percentage points from the same period last year.
, China's construction industry entered a new phase in 2014 when the country's total construction output grew at a 16-year low year-on-year.
2014, the national economy entered the new normal, fixed asset investment growth rate, real estate investment growth rate has reached a new low in recent years, construction enterprises operating conditions are not optimistic, transformation and upgrading is imperative.
2014, the national economy entered the new normal, the construction industry bid farewell to the era of high-speed growth, slow down. Construction companies face huge challenges in 2015 as investment in real estate development slows. Merge? Bankruptcy? Entering the era of stock competition, construction enterprises urgently need to accelerate the transformation and upgrading, enhance the core competitiveness of enterprises, to meet new challenges. At present, construction enterprises are generally faced with the problem of project control capacity improvement, how to oversize under the new normal, improve the project profit margin is very important, in the context of the increasingly severe capital situation, construction enterprises financing capacity will also usher in a new round of challenges. 2015 is a key year for the transformation and upgrading of the construction industry, driven by reform, policy dividends will continue to be released, construction enterprises in the new normal of declining growth, the need to quickly adjust strategic planning and enhance core competitiveness, in order to meet the current important opportunities and challenges.