Chinese home décor market: Transitioning amidst a value-upgrading trend
While the global real estate sector has slowed in the post-pandemic period, China’s market has faced a far more severe adjustment, evolving into a structural property sector crisis. New housing construction has declined sharply, yet this downturn has not translated into a contraction of the Chinese home décor market. On the contrary, the home décor […]
Green Buildings in China: Market drivers and misconceptions
Green buildings have established themselves as a key element in the future development of the Chinese economy. In fact, 25% of energy consumed in China is attributed to buildings. The green building industry’s expansion is occurring quickly. While the first green building was built in 2005, today there are more than 1 billion square meters […]
Smart Buildings in China: Creating a smart city ecosystem
The rise of smart technology in China China is carrying out the process of creating ‘Smart Cities’. A smart city is an urban area that uses various kinds of information and communication technologies to increase operational efficiency and manage resources. Smart cities in China are comprised of smart technology. Smart technology is technology that makes […]
Market Study in China: Sany looks to reduce dependence on Chinese market
Sany Heavy Industry, the largest construction equipment manufacturer in China, has dominated the country’s booming market in recent years. Now the company has its sights set out on different markets as the Chinese construction boom slows. Although it is climbing the ranks of construction equipment companies and surpassing industry giants such as Manitowoc, the company […]