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China and India infrastructure construction paves way out of crisis

Governments look to buoy COVID-hit economies, setting builders on recovery path

Construction workers build Beijing's new National Speed Skating Oval on Sept. 23 -- one of many infrastructure projects now underway in China.   © Reuters

SINGAPORE -- China and India are set to lead Asia's construction sector out of its coronavirus slump, analysts say, as the two governments look to power infrastructure growth -- and their economies -- in the years ahead.

Advisory firm Oxford Economics expects China will see annual construction output contract 8% this year but surge to 14.5% in 2021. For India, output is expected to shrink 5.4% this year, with a rebound to 7.7% in 2021.

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