Research Discussion Paper – RDP2012-04 Chinese Urban Residential Construction to 2040 Abstract
RDP2012-04 – September 2012
This paper projects Chinese urban residential construction out to 2040. The paper argues that the extraordinary growth of recent years will not continue, but that construction will stabilise at a high level. This augurs well for steel demand, especially as steel intensity is expected to increase. These projections are subject to upside and downside risks, which are discussed. In addition, this paper argues that official figures understate the extent of urban residential construction.