1 The current situation of China's infrastructure construction industry
(1) The construction industry continued to maintain steady development
After more than 20 years of rapid growth, China's economy has entered the "The new normalThe macro economy is facing downward pressure to bottom out. As an effective means to stimulate economic growth, fixed asset investment continues to play an important role in improving the quality and growth of the national economy. The development of the construction industry is based on the completion of the task of investment and construction of fixed assets in the whole society. In recent years, China's investment in fixed assets has grown simultaneously with the scale of the construction market. From 2013 to 2022, the compound annual growth rate of fixed asset investment in China was 295%。
The growth of fixed asset investment in the whole society has promoted the steady development of the construction industry. From 2013 to 2022, the compound annual growth rate of the added value of the construction industry reached 824%。
(2) The investment in transportation infrastructure construction remains at a high level
The transportation industry is the basic industry of the national economy, providing the basic guarantee for economic and social development. From 2013 to 2022, China's total investment in transportation infrastructure construction has remained at a high level, and the total mileage of various modes of transportation has continued to grow.
According to the notice of the "Outline for the Construction of a Transportation Power" issued by the Communist Party of China on September 19, 2019, from 2021 to the middle of this century, the construction of a transportation power will be promoted in two stages. Among them, by 2035, it is necessary to basically build a transportation power, forming a "three transportation network" covering fast, trunk lines and basics, and public travel and global express transportation must form one"."Traffic circle. The "Outline for the Construction of a Transportation Power" aims to achieve safe and green development, and the strategic deployment of the outline is how to integrate transportation, safe transportation, green transportation and intelligent transportation.
Therefore, China's transportation infrastructure construction will still have a lot of room for improvement in the future.
(3) Urbanization brings huge construction demand
In recent years, China's urbanization rate has been increasing. According to data published by the National Bureau of Statistics,From 2013 to 2022, China's total population increased from 136.7 billion grew to 141.2 billion, with an average annual compound growth rate of 036%, while the urban population increased from 7 during the same period4.5 billion grew to 92.1 billion, and the urbanization rate increased from 5.449% to 6522%In the future, it is expected that China's urbanization rate will continue to maintain a growth trend. The development of urbanization will expand the market for new urban residential construction, bringing a large number of new urban residential construction demand. In addition, the renovation of old residential buildings in the city will also bring demand for residential construction.
2020 Key Tasks for New Urbanization Construction and Urban-Rural Integration Development" proposes to promote the construction of new urbanization with county towns as important carriers; Promote the coordinated development of large, medium, and small cities and towns, improve the level of urban governance, promote the integrated development of urban and rural areas, and achieve the goal of 100 million non-registered people settling in cities and the successful conclusion of the national new urbanization plan, so as to provide strong support for building a moderately prosperous society in an all-round way. At the same time, the continuous advancement of urbanization will bring huge demand for the construction of urban infrastructure and commercial facilities.
According to the "Opinions on Strengthening the Construction of Urban Infrastructure", it is clear that urban road traffic infrastructure, pipe network construction, sewage and garbage treatment facilities, and ecological garden construction are the four core areas of urban infrastructure construction in the future, and at the same time, it is required to speed up the construction of projects under construction, actively promote the start of new projects, and do a good job in follow-up project reserves, so as to effectively ensure the implementation and progress control of projects.
(4) There is great potential for international engineering contracting
According to the data published by the Ministry of Commerce of the People's Republic of China,In 2022, China's foreign contracted project business completed a turnover of 10,424900 million yuan, a year-on-year increase of 43% (equivalent to 1,549.)US$900 million, basically the same as the previous year), and the value of new contracts was 17,021700 million yuan, a year-on-year increase of 21% (equivalent to 2,530.)US$700 million, down 21%
years, our country's enterprises in".The Belt and Road Initiative"Countries along the Belt and Road have signed new contracts for foreign contracted projects, the amount of the new contractUS$100 million, accounting for the amount of new contracts signed for China's foreign contracted projects in the same period%, year-on-year decline%；Complete turnoverbillion dollars, accounting for the total for the same period%, year-on-year decline
2. The development trend of China's infrastructure construction industry
The market competition in China's infrastructure construction industry is fierce, the progress of market opening up has accelerated, and the overall R&D and technical level have been rapidly improved. In this context, large enterprises have successively established technology research and development centers, vigorously develop technological innovation projects with independent intellectual property rights, and strive to develop their own core technologies and proprietary technologies.
At this stage, the construction technology and construction capacity of China's large-scale and leading construction enterprises have reached or approached the international advanced level, and a large number of large-scale and technically complex projects have been completed. In the market-oriented competitive environment, the technical level, innovation ability and management ability have become the key factors that determine whether construction enterprises can survive and develop in the increasingly fierce industry competition. In addition, with the deepening of specialization, the barriers to entry between different subdivisions of industries will be higher and higher, and the engineering construction projects of specific industries will increasingly be concentrated in a few leading enterprises in the industry, so it has become an inevitable choice to actively cultivate their own distinctive competitive advantages.
3. The competition pattern of China's infrastructure construction industry
In general, the infrastructure construction industry has a high degree of market openness, low market concentration, and a large number of participating enterprises. There are three main types of enterprises in the industry:
The first type is a small number of large-scale enterprises represented by China Communications Construction, which have significant scale advantages and have obvious technical advantages, strong professional and technical level and rich project experience in the business fields they focus on;
The second type is the local state-owned infrastructure enterprises represented by the provincial construction engineering groups, which have good local market resource advantages;
The third category is the emerging construction enterprises represented by private enterprises, which are mostly small and medium-sized enterprises, with more flexible operating mechanisms and rapid development in a fully competitive environment.