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The Growth Trend of the Chinese Construction Industry (Paperback)
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The Growth Trend of the Chinese Construction Industry (Paperback)
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U.S. architectural, engineering and construction (AEe firms doing
business in China are minimally successful because they are
unfamiliar with the Chinese market. To assist the U.S. AEC firms to
become more competitive in the Chinese market, a comprehensive
investigation of the Chinese construction industry after the
Culture Revolution was conducted. The development of the industry
was divided into three stages: the first stage was from 1978 to
1992, the second stage was from 1992 to 2001, and the third stage
was from 2001 to 2007. In each stage, the administrative framework,
laws and regulations, procurement methods, and market structure
were studied. In addition, statistical data, such as Gross Domestic
Product, Gross Output Value, and the numbers of employees and
companies during each stage, were analyzed. Next, economic
indicators of the Chinese and U.S. construction industries were
compared. Finally, the future growth trend of the Chinese
construction industry was projected. The results of the
investigation can help the U.S. AEC firms become more familiar with
the Chinese construction market and be more competitive in this
market.
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