China’s construction sector makes great strides – Report

National Bureau of Statistics (NBS)
National Bureau of Statistics (NBS)

CHINA’S construction sector has made headway in scale and structure in the past decade, official data showed Monday.

The National Bureau of Statistics said in a report that in 2021, the total output value of construction enterprises nationwide reached 29.3 trillion yuan (about 4.22 trillion dollars)

The report said that this was up by 1.14 times from 2012.

It revealed that by the end of 2021, China had 2.26 million construction enterprises.

“From 2013 to 2021, the number of enterprises increased at an average annual rate of 6.1 per cent, achieving a leapfrog development in terms of the scale of the industry.

“The construction sector also saw an improving structure.

“In 2021, the number of top-notch, first-class construction firms in China reached 16,000, up 84.3 per cent from 2012,” the report added.

The report said that the industry had grown to become a major contributor to employment.

It said that in 2021, 81.8 million people were working in construction firms, ranking second only to the manufacturing sector in the capability of creating jobs. (Xinhua/NAN)