Research and Markets (http://www.researchandmarkets.com/research/d0fa4a/china_infrastructu) has announced the addition of the "China Infrastructure Report Q2 2012" report to their offering.

BMI View: Our view on the unwinding of spending on railways is playing out, with the latest figures emerging from China suggesting an 80% reduction in high-speed rail spending year-on-year (y-o-y).In BMI's latest Special Report China 2012: From Miracle to Meltdown, it is clear how much the infrastructure and macroeconomic dynamics in the country are intrinsically tied and how the unwinding of the former is corroborating our below-consensus view on the latter and vice versa. Key themes for China's infrastructure sector this quarter include:

  • In light of steep falls in the residential and commercial construction front we have revised down our 2012 China construction industry value forecast to 5% real growth. We are maintaining our forecasts for infrastructure and its sub-sectors as we see the trend that we have in place since June 2011 playing out. We anticipate moderation in the transport infrastructure industry value growth and growth in energy and utilities.
  • Notwithstanding major changes to regulations and pricing, we anticipate that there will be an increase in natural gas power plant construction in the coming years given growing Chinese energy demand and Beijing's desire to shift energy consumption away from coal and towards natural gas. Natural gas related infrastructure (pipelines and LNG) will flourish as a result, hence our bullish outlook for the sector.
  • We maintain our muted forecasts for railways and expect to see a deceleration in industry value growth starting this year and running to the end of our forecast period. New data from the Ministry of Railways corroborates this view, indicating a steep unwinding of spending.
  • Our forecasts for a revival in airport construction are supported by the announcement of a new mega-airport project - to replace the Beijing Nanyuan Airport - should be completed by 2017.

Read more inside China Infrastructure Report Q2 2012 Companies Mentioned:

  • Sinohydro
  • China Communications Construction
  • Shanghai Construction Group (SCG)
  • China Railway Group
  • China Railway Construction Corporation (CRCC)

For more information visit http://www.researchandmarkets.com/research/d0fa4a/china_infrastructu