China Beckons West Coast Architecture and Building Firms

Posted by Rumin Mann
February 2nd, 2011

The firms may be in the West, but the new business is now in the East — the Far East, that is.

China’s construction growth, fed by a thriving economy and a massive population movement from rural to urban areas, will dwarf that of the U.S. over the next 10 years. This should give building companies with a West Coast presence a chance to offset the effects of sluggish domestic demand by hawking their expertise overseas.

China’s residential and commercial building stock will surge 61% between 2010 and 2020, compared to a 7% growth rate in North America and an 8% increase in Western Europe, Pike Research said in a report released last week.

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