Characteristics of Cyclical Fluctuations in the Development of the Chinese Construction Industry

摘要: In the course of operation, construction industry will repeat deviations and adjustments to it equilibrium state. Understanding development fluctuations is critical formulation a country’s sustainable strategy. The purpose this paper investigate trend fluctuation periodicity industry, particularly deviation characteristics development. paper, based on H-P filtering method, residual method for measurement macro-economic cycle used divide periodic Chinese into five rounds economic cycles since reform opening up. results are tested by random test model self-correlation coefficient model. longitudinal time-series data investigated in research constant-price, gross output values China period 1980–2017 total 38 years national annual statistics. mathematical show that peak or valley reappears about every seven so. It shows up, position began decrease gradually, level rise volatility showed downward trend, entered steady smooth process. study provide new comprehension build theoretical basis governments enterprises judge future trends when formulating relevant policies.