Sustained and robust development of urbanization in China propelled high speed growth in consumption of building materials and equipments. China's demand of main products in the sector has been ranking No.1 in the world consecutively in recent years, and per capita consumption index in the market has either reached or surpassed the world level on average. In the coming years, demands for eco-friendly, energy saving and intelligent building materials and equipments in China will exceed US$2 billion per year. Obviously, the desire of adopting innovative building materials and equipments has become very strong in China.
According official data, from now on to 2008 and beyond, the accumulated investment needed in Beijing would exceed 15 trillion yuan (200 Billion US dollars) and direct Olympic related investment will surpass 280 billion yuan (40 Billion US dollars), in particular, investment on fixed assets of Olympic venues will be around 134 billion yuan (15 Billion US dollars). Major infrastructure engineering projects include:
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22 brand new Olympic venues and an Olympic Park occupying 80 hectares or 470,000 square meters in terms of development area. |
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20 major engineering projects of environment rectification, 5 newly built waste water treatment factories. Usage of natural gas will increase 5 folds, all urban areas in the city will use clean energy. |
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Beijing will have 318 kilometers of newly built and revamped roads in urban areas, 154.5 kilometers of newly built rail transport system and 8 new subway lines. |
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Expansion of BeijingInternationalAirport will see 1 more new terminal, 1 more new runway and 55 standard parking lots for airplanes. |
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The housing market in Beijing will need 100 million square meters in the coming 5 years, which can be translated into RMB 50 billion market for building products. |
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By leveraging its government background, ITEC will provide opportunities for exhibitors home and abroad to share the market in Beijing and further its access to the market opportunities throughout the country. |
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