Further Internationalization Of Chinese Construction Enterprises

Coupled with the globalization process in world economy, the Chinese constructionenterprises have been more and more active in developing the international markets ina proactive and competitive manner. The Engineering News-Record from ENR(McGraw Hill) shows that a drastic increase of revenues by Chinese constructionenterprises from the top225international contracting firms. Their total revenueincreased year by year from540million USD in2000to57,062million USD in2010and furthermore, this momentum has not been abated with the recent global financialcrisis and we are witnessing more Chinese enterprises are poised to penetrate into theinternational markets.Based on the statistic data from ENR, China statistical yearbook and other collectedrelevant informations, the paper describes the history of Chinese Contractor’sperformance in international construction market, and makes an analysis over thecurrent situation. Meanwhile, by combining the years of personal experience onoverseas contracting markets, the contrast for the management of a few typical andprominent international construction enterprises including home and overseacontractors has been done, which leads to find out the weakness of Chinesecontractors. Finally, the viewpoints of enhance the guidance of Chinese government,coordination of COECA, improvement of management, integration and reorganizationof enterprises, collaboration with well-known international contractor’s for furtherinternationalization has been proposed.