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Essay / Research Paper Abstract
This 15 page paper examines the construction industry in China and assesses the potential for a foreign company to enter the housing construction market. The paper includes industry growth trends performance and profit levels, market structure and barriers to entry. The paper then outlines how entry to the market though a joint venture would take place. The bibliography cites 12 sources.
Page Count:
15 pages (~225 words per page)
File: TS14_TEconstructchina.rtf
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Unformatted sample text from the term paper:
methods of entry and the ability of the company to leverage any available opportunities. In this paper we will consider the potential for an Australian housing construction company to expand
to China. In China the construction industry is an important industry. In most recent years there has been a marked increase in the level of expenditure on real estate
development. If we look at the patterns of the industry in the long term this may give us a trend on which is useful when looking to enter the market.
Figures have only been kept for real estate development as a separate segment of construction from 1986 (You-Jie and Fox, 2001). However, looking at the figures there have only been
two years where there has not been positive growth (State Statistics Bureau, 2001). Year Expenditure in 108 Yuan Growth rate on previous year 1986 101.0 1987 149.9
48.5% 1988 257.2 71.6% 1989 272.7 6% 1990 253.3 -7.1% 1991 336.2 32.7% 1992 731.2 117.5% 1993 1937.5 164.9% 1994 2554.1 31.8% 1995 3149.0 23.3% 1996 3216.4 2.1% 1997 3178.4
-1.2% 1998 3614.2 13.7% 1999 4010.2 11% This demonstrates a big increase in the level of construction, which when it is considered China, when joining the World Trade Organisation
(WTO) declared itself as a developing nation, may be expected. The growth has continued following this survey, however, figures for the real estate sector alone are difficult to find.
The construction industry in China has been managed by a series of ten year plans. The current plan, which covers the period from
2001 - 2005 is the tenth five year plan. This enables businesses to understand government polices for the industry. This plan stated that the construction industry should be promoted and
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