Zhuding International Ltd (ZHUD)

[Penny Stocks 2.0]

The building construction industry in China is expected to record a CAGR of 7.5% to reach CNY 9397.4 billion by 2024. The residential construction industry in value terms increased at a CAGR of 8.6% during 2015-2019. The commercial building construction market in value terms is expected to record a CAGR of 10.7% over the forecast period.

Demographics in China is expected to continue to spur the growth in residential construction. Rising household income levels along with population migration from rural to urban areas is expected to continue to drive demand for residential building construction sector in the country. Increased focus on affordable housing by both public and private sector will drive growth in residential building construction sector.