[janalsncm]

Part of it is the fact that they do it so much so they’re very good at it. China has laid more concrete since 2000 than the rest of the world combined prior to 2000. So the Chinese have a lot of expertise and a lot of the supply chain, and for example in Singapore the Chinese have built a lot.

By the way, much of the same can be said about manufacturing.

In the US a lack of construction has caused the industry to atrophy.

[HPsquared]

It's a bit like the baby boom. The US built a lot in the 50s and 60s. Especially road construction, most of the road infrastructure was built over a short period around the 50s-60s.

There was a long period where very little maintenance or construction was required.

Now we are seeing the structures all start to deteriorate at the same time.