BEIJING, CHINA - Half of all new construction in the world will take place in China for the next 10 to 15 years. Market analysts report that China will be the world's biggest construction market by 2018, at $ 2.4 trillion - 19.1% of global construction output. China's target is to be achieved 50% energy-efficient rate by 2010 for buildings in all cities and towns. By 2020, 65% of the buildings in those areas are expected to be energy-efficient. Greening responded this construction is a tremendous challenge and opportunity.
The pace of development can still be seen and felt on the ground in the juxtaposition of old methods and new technology. Bamboo scaffolding spans between steel super-structures, and hand carts weave their way through tower crane supports. Construction sites turn into archaeological digs has development sites in the historic centers of ancient cultures, now the epicenters of modernizing cities.
Chris Brooke is the President and CEO of CB Richard Ellis in Asia. Based in Beijing, Mr. Brooke has overall responsibility for the strategic direction and business operations of the company in China, Hong Kong, Macau, Taiwan, Korea, Singapore and South East Asia. Last month, Mr. Brooke participated in the 2009 BusinessWeek CEO Forum where they discussed sustainability practices and environmental initiatives that CB Richard Ellis is spearheading.
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