In the "new normal", the Chinese economy is experiencing four throes of change: manufacturing to the capacity, the financial sector deleveraging, real estate to bubble, environmental decontamination, the performance of the economic slowdown, investment growth fell , serious excess capacity, declining corporate profitability, resulting in the decline in the construction industry demand, deteriorating fundamentals. With the implementation of the real estate market is gradually return to warm and major group projects, the construction industry bottomed rebound, industry fundamentals are expected to improve. May 2015 construction PMI stabilized, business activity is expected to stabilize, the new orders index rebounded strongly in the second half we determine the probability of a large rebound in the construction industry bottomed.
 

All the way along the production output
　　With the economy slowing and inflation zo speed down, monetary policy easing trend is clearly, there is a rate cut and the possibility of 2-3 times the RRR in the second half, Pratt & Whitney still loose force. Debt exchange plan has been opened, trillion debt limit gradually replaced decentralization, local government is expected to move forward with ease. PPP to accelerate, the advent of a new round of local construction boom. SOE reform progressive outlet, mix change, war vote, ESOP, reclassifications, the overall market have become the focus of reform. "Along the way" into the second half, both through production output and export of capital to develop the overseas market, but also to stimulate the domestic demand for infrastructure trillion.

Gold Rush era
　　Under the new normal, traditional enterprises is difficult to maintain a rapid cycle zo long, have to seek cross-border restructuring. Construction enterprises the main direction of cross-border restructuring: culture media, high-teach blind, military, general aviation and other types of cross-border restructuring reborn, double main industry type and the market value of managed three types of cross-border business must be in transition looking for "true hero", these enterprises need to have four factors: (1) restructuring capital, whether hand heavily; (2) the transition determination, a top-down transformation;