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Infrastructure in China

Sustaining quality growth

Report

Reihe: KPMG Global China Practice

Anbieter: KPMG

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  • Erscheinungsweise: keine Angabe
  • Berichtszeitraum: Jahre 2009 bis 2015
  • Erscheinungsdatum : 28.02.2013
  • Seiten : 48 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 3,28 MB
  • Sprache(n) : Englisch

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Inhalt

Both the world economy and the Chinese economic landscape have faced major challenges since 2009, in the aftermath of the global financial crisis. Gross domestic product (GDP) growth continued in 2009, 2010 and 2011, bolstered by support from the RMB 4 trillion government stimulus package announced in late 2008, but growth rates slowed from the double digit annual rates previously achieved. Moreover, the continuing weak recovery of many economies overseas and the impact of tighter domestic monetary policy and other administrative measures, implemented to tackle China's hot property sector in particular, resulted in generally tougher business conditions in 2011, which continued into 2012. However, growing signs could be seen in the latter part of 2012 of a more stable Chinese economy emerging which resulted in fourth quarter GDP growth of 7.9 percent and which helped bring the annual GDP growth for 2012 to 7.8 percent. 

In this publication KPMG outlines the key trends and developments in the Chinese mainland infrastructure sector since 2009, a period in which the sector benefited significantly from the acceleration of infrastructure projects as part of the above stimulus package. We also discuss the implications of the latest Five-Year Plan (2011–2015), which sees a shift in emphasis from the rapid economic growth of previous years to higher quality, sustainable growth for the future.

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