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China will reduce the share of the construction industry

China has announced a development plan for the construction industry during the 14th Five-Year Plan period (2021-2025) to make the pillars of the country's economy greener, smarter and safer. According to the statement of the Ministry of Housing and Urban-Rural Development, the construction sector will hold 6 percent of the country's Gross Domestic Product (GDP) until 2025.

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