impact of china’s membership of wto on china construction industry

impact of china’s membership of wto on china construction industry

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時間:2018-04-01

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1、Introduction2001,after15yearsofnegotiation,Chinasucceededtobecomethe143rdWorldTradeOrganization(WTO)members.Infact,Chinahadtriedtoopenitsmarketscience1980s,buttheprocesswasslowandconservative(Lu&Fox,2001).However,theradicalchangesoccurredafterChinaenter

2、edtheWTO,whichencouragedfurtheropeningupinbothdomesticandinternationalmarkets.AsanimportantpillarindustryoftheChineseeconomy,constructionindustryhasalsobeenprofoundlyinfluencedbytheaccessiontotheWTO.Thelasttenyears,themembershipoftheWTOhasbroughtnumerou

3、sopportunitiesforChina’sconstructionindustrysuchasofferingmoreinternationalinvestment,expandinginternationalconstructionmarketandgivingincentivetoreformconstructionsystem.Atthesametime,italsohasproposedahigherstandardforChina’constructionregulationandth

4、ecompetitivenessofconstructionenterprises.Thisisbecause,toparticipateininternationalconstructioncontractcompetition,allthecandidatesneedtofollowtheinternationalruleswhichareverydifferentfromthatofChina’sdomesticmarket.Furthermore,themoreopenthemarketis,

5、thefiercerthecompetitiontherewillbe.Consequently,localconstructionindustrywillalsobegreatlychallengedbyexternalpressure.China’constructionindustryhasexploitedmostoftheopportunitiesbroughtbythemembershipoftheWTObuttherearestillalotofchallengesforittodeal

6、inthefuture.SomeeffectivestrategiesareneededtomeetthosechallengesforChinatofullyadaptininternationalconstructionpractice.ThisessaywillshowthesituationofChina’sconstructionindustrybeforeChinajointedtheWTOandthesignificantchangesduringlasttenyears,thendis

7、cussthechallengesinthefutureandthestrategiestodealwiththem.ThesituationbeforeChinajoinedtheWTOChina'sconstructionindustrywasfirstbroughtintomarketintheearly1980s.In1982,YunnanLubugeHydropowerProjectwasthefirsttimeforChinatouseaWorldBankloanandimplicated

8、internationalbidding.Sincethen,foreigncontractorshaveenteredtheChinesemarkettocontractprojects.Afteryearsofcompetition,foreignenterprisesandforeigninvestedenterprises,occupyaplaceintheChinaconstructionmarket(Lu&Fox,2001).However,

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