In 2019, the prices for labor and material in China's construction industry increased. Labor costs had an index value of 103.9, and material costs had an index value of 102.6. Over the years, expenditure for materials fluctuated, whereas the cost of labor increased continuously. It reflects a broader trend in China's labor market.
Price index of labor and material cost in the construction industry in China from 2007 to 2019
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National Bureau of Statistics of China. (October 15, 2020). Price index of labor and material cost in the construction industry in China from 2007 to 2019 [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1226333/china-construction-labor-and-material-cost-index/
National Bureau of Statistics of China. "Price index of labor and material cost in the construction industry in China from 2007 to 2019." Chart. October 15, 2020. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1226333/china-construction-labor-and-material-cost-index/
National Bureau of Statistics of China. (2020). Price index of labor and material cost in the construction industry in China from 2007 to 2019. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1226333/china-construction-labor-and-material-cost-index/
National Bureau of Statistics of China. "Price Index of Labor and Material Cost in The Construction Industry in China from 2007 to 2019." Statista, Statista Inc., 15 Oct 2020, https://www.statista.com/statistics/1226333/china-construction-labor-and-material-cost-index/
National Bureau of Statistics of China, Price index of labor and material cost in the construction industry in China from 2007 to 2019 Statista, https://www.statista.com/statistics/1226333/china-construction-labor-and-material-cost-index/ (last visited December 19, 2024)
Price index of labor and material cost in the construction industry in China from 2007 to 2019 [Graph], National Bureau of Statistics of China, October 15, 2020. [Online]. Available: https://www.statista.com/statistics/1226333/china-construction-labor-and-material-cost-index/
