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Chinese Urban Residential Construction

Author

Listed:
  • Leon Berkelmans

    (Reserve Bank of Australia)

  • Hao Wang

    (Reserve Bank of Australia)

Abstract

Rapid urbanisation in China has been a key driver of global steel demand and therefore demand for iron ore and coking coal. This article considers the medium- and long-term prospects for residential construction in China and their implications for steel consumption. Residential construction is projected to remain at a high level for the next couple of decades. Steel consumption in this sector is expected to be boosted further by demand for higher quality buildings. Some alternative scenarios are considered, examining both upside and downside risks.

Suggested Citation

  • Leon Berkelmans & Hao Wang, 2012. "Chinese Urban Residential Construction," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 21-26, September.
    • Handle: RePEc:rba:rbabul:sep2012-03
    as

    Download full text from publisher

    File URL: https://www.rba.gov.au/publications/bulletin/2012/sep/pdf/bu-0912-3.pdf
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    References listed on IDEAS

    as
    1. Leon Berkelmans & Hao Wang, 2012. "Chinese Urban Residential Construction to 2040," RBA Research Discussion Papers rdp2012-04, Reserve Bank of Australia.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Miss Mali Chivakul & Mr. Waikei R Lam & Xiaoguang Liu & Wojciech Maliszewski & Mr. Alfred Schipke, 2015. "Understanding Residential Real Estate in China," IMF Working Papers 2015/084, International Monetary Fund.
    2. Tim Robinson & Tim Atkin & Mark Caputo & Hao Wang, 2017. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(3), pages 291-315, November.
    3. Tim Atkin & Mark Caputo & Tim Robinson & Hao Wang, 2014. "Australia after the Terms of Trade Boom," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 55-62, March.
    4. Zhang, Qi & Xu, Jin & Wang, Yujie & Hasanbeigi, Ali & Zhang, Wei & Lu, Hongyou & Arens, Marlene, 2018. "Comprehensive assessment of energy conservation and CO2 emissions mitigation in China’s iron and steel industry based on dynamic material flows," Applied Energy, Elsevier, vol. 209(C), pages 251-265.
    5. Mark Kruger & Kun Mo & Benjamin Sawatzky, 2016. "The Evolution of the Chinese Housing Market and Its Impact on Base Metal Prices," Discussion Papers 16-7, Bank of Canada.
    6. Gerard Kelly, 2014. "Chinese Rebalancing and Australian Exports," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 23-30, December.
    7. Patrick D’Arcy & Alexandra Veroude, 2014. "Housing Trends in China and India," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 63-68, March.
    8. Ross Kendall, 2014. "Economic linkages between New Zealand and China," Reserve Bank of New Zealand Analytical Notes series AN2014/06, Reserve Bank of New Zealand.
    9. M. Albert & C. Jude & C. Rebillard, 2015. "The Long Landing Scenario: Rebalancing from Overinvestment and Excessive Credit Growth. Implications for Potential Growth in China," Working papers 572, Banque de France.
    10. Veasna Kong & Adam McKissack & Dong Zhang, 2012. "China in a new period of transition," Economic Roundup, The Treasury, Australian Government, issue 4, pages 42-62, December.
    11. Tim Atkin & Ellis Connolly, 2013. "Australian Exports: Global Demand and the High Exchange Rate," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 1-10, June.
    12. da Rocha, Felipe Freitas & Bielschowsky, Ricardo, 2018. "China’s quest for natural resources in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    13. Guonan Ma & Ivan Roberts & Gerard Kelly, 2016. "A Rebalancing Chinese Economy: Challenges and International Implications," RBA Annual Conference Volume (Discontinued), in: Iris Day & John Simon (ed.),Structural Change in China: Implications for Australia and the World, Reserve Bank of Australia.
    14. Yin, Xiang & Chen, Wenying, 2013. "Trends and development of steel demand in China: A bottom–up analysis," Resources Policy, Elsevier, vol. 38(4), pages 407-415.

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