As an average, definitely. Whether that is relevant to the area in question I don't know. Materials and fuel costs are rising globally too, China's population-size based buying power shields them from that a little more than some places, far from completely.
Undereducated workforce willing to do hard construction decreasing -> wagse rising. There's still big/experienced construction work force, build while it's cheap, build bigger and more than you have to etc.
As an average, definitely. Whether that is relevant to the area in question I don't know. Materials and fuel costs are rising globally too, China's population-size based buying power shields them from that a little more than some places, far from completely.