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The development of the construction legal system in China

Author

Listed:
  • Lam Yow Thim
  • Chen Zonggui

Abstract

China has been developing at an amazing speed since it carried out reform and open-door policy in 1978. Construction industry is playing a leading role in the rapid Chinese economic development. At the same time, China has also worked hard to encourage overseas investors to expand their investment in the construction industry. With its development over the years, China has established a legal system for governing construction activities. To participate in such a major market in the world, it is important to understand the legal system governing it and the impact of China's joining the World Trade Organization. The Chinese construction laws and practice are still very different from the international norm. If foreign participants are to make a success out of doing business in China, they must understand the Chinese way of life. Particularly, they must prepare to adapt to an environment where new rules are created as circumstances and situations change.

Suggested Citation

  • Lam Yow Thim & Chen Zonggui, 2004. "The development of the construction legal system in China," Construction Management and Economics, Taylor & Francis Journals, vol. 22(4), pages 347-356.
    • Handle: RePEc:taf:conmgt:v:22:y:2004:i:4:p:347-356
    DOI: 10.1080/0144619032000122177
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    Cited by:

    1. Rita YI MAN LI, 2008. "Nature Of The Firm: A Study On Developers In China And Hong Kong," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 3(4(6)_Wint).

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