Evaluation Study on the Level of High-Quality Development of the Construction Industry in Henan Province of China

Abstract

Based on the data of the construction industry in Henan Province, China, from 2005 to 2020, the high-quality development level of the construction industry in Henan Province is measured. Firstly, this paper constructs the indicator system based on the high-quality development theory and the characteristic of the construction industry from seven dimensions: industrial scale, industrial efficiency, industrial benefits, industrial innovation, industrial risk, industrial potential, and the green development of the construction industry. Secondly, using the global principal component analysis (PCA) method to measure the high-quality development level. Thirdly, cluster analysis is applied to measure the relative changes of various dimensions in different stages. The results show that overall the high-quality development level of the construction industry in Henan province is increasing, but different indicators perform differently in various stages, and the changes in real estate policies have a significant impact on this. Finally, based on these findings, we think it is better to reduce real estate dependence, promote the application of new materials and technologies and maintain the stability of real estate policies.