China’s Slowdown – Implications for the Architecture Market
WAN BUSINESS BRIEFING: Is the Bubble About to Burst?
Impacts of China’s slowdown on the global architecture market
William Algaard, Associate Director – ARUP
Anthony McCarter, Vice President Middle East – AECOM
Mark Lacey, Partner – Alinea
CHAIR Malcolm Reading, Chairman, – Malcolm Reading Consultants
VENUE Rosebery Room, Sadler’s Wells Theatre, Rosebery Avenue, LONDON EC1R 4TN, UK
DATE Thursday 12 November 2015
08:30 – 09:00 Registration & coffee / tea
09:00 – 09:30 ARUP: current situation in China & implications
09:30 – 10:00 AECOM: Middle East market
10:00 – 10:30 Alinea: UK market
10:30 – 11:00 Panel discussion & questions
COST £145 (+VAT)
This World Architecture News Business Briefing examines the current volatile market conditions in China, their future trajectory and their likely repercussions from an architect’s perspective: current construction market conditions and the implications for the architecture industry within various global markets.
Growth statements for China have long been suspected of being overly buoyant and the truth is that there has been a slowdown in the Chinese economy going on for the past five years. Future growth forecasts for both China and India are now being revised downwards. The consensus is that globally things will get tougher with little room for economies to spend their way out of trouble.
The Chinese market has been in turmoil in recent months. Chinese stock markets has fallen more than 40% in four months. Emerging-market currencies have slumped, commodities have nose-dived and Western markets have caught the financial cold through contagion. Chinese interest rate cuts and currency devaluation aimed at stabilising markets and helping exports have shaken short term confidence.
The engine room of recent global economic growth is obviously stalling and this will have far reaching repercussions. The ripples will be felt in every geographic market sector with exposure to the global economy; not just those operating in China. In the global crash of 2008, it was China’s construction sector that provided architects with a safe haven, mitigating the damage of western economies’ downturn; is China now about to drag Western economies into recession?
This WAN Business Briefing explores what this means specifically for architects operating in Asia and also the architectural industry in other global sectors that will inevitably be influenced by the cooling of the Chinese economy.
For further information please visit www.wantoday.com/events/2015/business-seminar.html or call Anthony Spratt at World Architecture News on +44 (0)1273 201120 or email email@example.com