Satellite Data Suggests China Infrastructure Push Gathering Pace
- Uptick in new construction area in May, satellite data shows
- Total construction area barely increased in May amid lockdowns
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China saw an uptick in new construction sites in May, according to satellite data, suggesting infrastructure investment is poised to accelerate from its currently sluggish pace.
The area of new construction sites in China’s three largest urban areas -- around the cities of Beijing, Shanghai and Guangzhou -- increased by 110% in May from the same month in 2021, according to Four Squares Technology Ltd., which analyzes satellite images. However, that increase was from a low base - the area around Guangzhou saw zero areas of new construction in May 2021.