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Building on China's Construction Boom
China is under construction—the result of rapid economic growth and a government push to upgrade the nation's infrastructure. Foreign contractors have mouth-watering opportunities, though pitfalls can surprise the unwary.
The take-away: Foreign construction companies should choose undertakings that both require their specialized knowledge and project-management skills and offer commensurate rewards. Residential and commercial projects attract low-cost Chinese competitors, but mass-transit and water projects demand high levels of skill and offer an agreeable combination of sustained work and profit potential.
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