Core Insights - China State Construction Engineering Corporation (CSCEC) reported a total new contract value of 26,798 billion RMB for the first seven months of 2025, representing a year-on-year increase of 1.4% [1] Contract Performance - The new contract value for the construction business reached 24,868 billion RMB, showing a year-on-year growth of 2.1% [1] - Breakdown of new contracts: - Housing construction contracts amounted to 16,258 billion RMB, a slight decrease of 0.4% [1] - Infrastructure contracts totaled 8,533 billion RMB, with a year-on-year increase of 7.4% [1] - Survey and design contracts were 77 billion RMB, down 7.2% [1] Regional Distribution - Domestic new contracts were 23,595 billion RMB, reflecting a growth of 2.6% [1] - Overseas new contracts were 1,273 billion RMB, showing a decline of 5.5% [1] Construction Area Metrics - The total construction area for housing was 153,131 million square meters, a decrease of 1.2% [1] - New housing construction area was 15,708 million square meters, down 8.5% [1] - Completed housing area was 10,366 million square meters, an increase of 4.7% [1] Real Estate Business - Contract sales amounted to 1,930 billion RMB, a decline of 7.4% [1] - Contract sales area was 7,783 million square meters, down 0.3% [1] - The ending land reserve was 576 million square meters, with no new land acquisition data provided [1]