Yong Bai

The Global Expansion of Chinese Construction Companies: Whether They Are Sustainable at the Current Speed of Expansion Yong Bai

Chinese contractors are increasingly playing a significant role in the global construction market. This book presents a comprehensive study of the global expansion of Chinese construction companies as a result of Chinese open-door policies, by describing their developments from 1950 to 2008, highlighting their achievements, and identifying the main constraints preventing them from playing a more effective and efficient role in the global construction market. The development of Chinese construction companies in the global market was divided into three periods: the first period from 1950 to 1978, the second period from 1979 to 2001, and the third period from 2002 to 2008. In each period, the autonomy of Chinese construction companies, along with their achievements and problems were studied. Besides, the new business environment after accession to the World Trade Organization and the analyses on the top Chinese contractors using the data since 1979 were conducted. This book can help non-Chinese construction companies become more familiar with Chinese contractors and therefore be more competitive in the global construction market.