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Chinese construction industry performance after entry into the world trade organization

Zhang, Peng and London, Kerry 2010, Chinese construction industry performance after entry into the world trade organization, in ICCREM 2010 : Proceedings of 2010 International Conference on Construction and Real Estate Management, China Architecture & Building Press, [Brisbane, Qld.], pp. 93-99.

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Title Chinese construction industry performance after entry into the world trade organization
Author(s) Zhang, Peng
London, Kerry
Conference name International Conference on Construction and Real Estate Management (8th : 2010 : Brisbane, Queensland)
Conference location Brisbane, Queensland
Conference dates 1-3 Dec. 2010
Title of proceedings ICCREM 2010 : Proceedings of 2010 International Conference on Construction and Real Estate Management
Editor(s) Wang, Yaowu
Yang, Jay
Shen, Geoffrey Q. P.
Wong, Johnny
Publication date 2010
Conference series International Conference on Construction and Real Estate Management
Start page 93
End page 99
Publisher China Architecture & Building Press
Place of publication [Brisbane, Qld.]
Keyword(s) chinese construction industry
degree of internationalization
international level and status
Summary The Chinese construction industry has had significant activity in the international market in the last decade following the entry into the World Trade Organization (WTO). However the degree of activity and the sector performance is still relatively uncertain. A review of the literature in this field indicates that there is very little rigor in relation to adoption of quantitative measurement and performance indicators for internationalization, in particular for the measurement of the degree of internationalization specifically related to the international construction sector at both firm and country level. In addition the estimation of the influence and status of a country's construction activity in the international market has not been considered. There are useful indicators that we can borrow and consider from mainstream economics literature, such as, Dunning's Eclectic Paradigm (based on the ownership (0), location (L) and internalization (1) advantages of a firm) and Low et al.'s OLI+S Model (based on the Ownership, Location, Internalization and Specialty). Through an analysis of the attributes of the Chinese construction industry and a discussion on trends for the last decade, this paper proposes to develop a new model by adapting the Dunning model and acknowledging the significance of "Specialty" to measure the degree of internationalization both at the firm and country level. The International Level and Status Index was generated to measure the level and status of a country's construction industry in the international market by adopting the Depth Index (revenue composition), Height Index (top enterprises) and Width Index (fields involved). The key finding is that the degree of internationalization of Chinese construction industry and the status and influence of Chinese construction industry in the international market has not increased quickly. Surprisingly even though China had expectations of high growth after entry to WTO it has in fact declined. Contrarily, both of them declined in the early years after the accession to WTO.
ISBN 9787112126125
Language eng
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 870102 Commercial Construction Planning
HERDC Research category E1 Full written paper - refereed
HERDC collection year 2010
Persistent URL http://hdl.handle.net/10536/DRO/DU:30033600

Document type: Conference Paper
Collection: School of Architecture and Built Environment
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