For China watchers, it comes as no surprise that China is rapidly undergoing an industrial revolution. What Europe and the U.S. did in 75 to 100 years, China has done in about 25 years. Despite the global economic downturn, the economy is still booming. However, with the slowing of exports, the Chinese economy now is being driven mainly by domestic and foreign direct investment. HOENIG Companies wanting to participate in the massive growth soon realize China is a complex and often contradictory business environment for both foreign and domestic players. When they arrive and set up operations, foreign companies, in
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.