Impacts of foreign direct investment on China’s construction industry
Chen, Le & Mohamed, Sherif (2003) Impacts of foreign direct investment on China’s construction industry. In Ahmed, S.M. , Ahmad, I., Tang, S.L. , & Azhar, S. (Eds.) Sustainability and Innovation in Management and Technology, CITC-II Hong Kong, Hong Kong.
China’s national construction industry is now preparing to face the challenges, and to seize the opportunities, resulting from China’s entry to the World Trade Organisation (WTO). With the foreign direct investment (FDI) hitting a record high of around US$52.7 billion in 2002, China is believed to have now surpassed the USA as the world’s favorite destination for foreign investment. This fact, coupled with the huge potential for infrastructure development, indicates that the relatively large proportion of FDI flowing into the national construction industry will continue to increase in the foreseeable future. Positive aspects of FDI flowing will definitely help forging new industrial capabilities for China’s construction industry, thus helping it to achieve the ambitious strategic targets set by the Government for exporting construction goods and services. To shed some light on the position of the national industry in the global economy, this paper briefly presents the current international standing of China’s construction industry and qualitatively appraises potential positive influences of, and challenges associated with, FDI on the national industry.
Impact and interest:
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|Item Type:||Conference Paper|
|Keywords:||China, Construction Industry, Exporting Services, Foreign Direct Investment, World Trade Organisation|
|Subjects:||Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building Construction Management and Project Planning (120201)|
|Divisions:||Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
|Copyright Owner:||Copyright 2003 The Authors|
|Deposited On:||04 Sep 2013 21:54|
|Last Modified:||06 Sep 2013 05:15|
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