U.S. businesses are expanding their presence into China to take advantage of the country's growing consumer base, improving infrastructure, trading centers and special economic zones. However, understanding the country's cultural, legal and regulatory differences can be extremely daunting. It takes vision, commitment and—in many cases—a guide.By 2003 I had spent several years working for Mortenson Construction in the United States. As a Chinese national, I was struck by the differences between Mortenson and typical Chinese construction firms. The extraordinary capital spending in China resulted in an industry where many firms were driven by short-term gains without a long-term strategy for
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.