QYR in News
On 17 October CSBC Shuangrui cited a bridge construction market analysis published by Hengzhou Bozhi in its prospectus
According to the statistics and forecast of ‘Global and Chinese Bridge Construction Market Status and Future Trends 2024-2030’ by QYR (Hengzhou Bozhi), the global bridge construction market sales reached USD 965.25 billion in 2023 and is expected to reach USD 1,265.3 billion by 2030, at a CAGR of 4.0%. According to the Ministry of Commerce, from January to June 2024, the total newly signed contract value of China's foreign contracted projects was RMB 820.92 billion, an increase of 25.1% year-on-year, showing a faster growth momentum. With the in-depth promotion of ‘Belt and Road’ and other open-door strategies, the overseas market demand for bridge safety equipment is expected to grow.
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