Understanding the Chinese construction market

China has made remarkable achievements since Deng Xiaoping's economic reform and open door policy started from 1978. Many western construction companies are venturing into China in search of a stake in the world's fastest growing economy. However, while the market is there, and the potential is enormous, it is not easy to succeed. There is a need for western construction companies to understand this new market in order to do business successfully in China. Focusing on this issue, this paper first describes the economic climate, market features, and experiences from overseas participants. It then discusses what difficulties and differences exist in the Chinese construction market~ how to solve and overcome them, and what main factors should be considered. Finally, a conclusion is given highlighting key points.