Sha, K (2004) Construction business system in China: An institutional transformation perspective. Building Research & Information, 32(6), pp. 529-537. ISSN 0961-3218
Abstract
During the transformational period from a planned economic system to a market-oriented one, China's construction business system is in an intermediate stage of development. The developing business system has played an increasingly important part in regulating the relations between various actors in the building sector, but the disordered situation in the construction market has fully revealed the shortcomings of the system. Using international experience and practice for reference, China is making efforts to promote the construction business system with Chinese characteristics. The institutional change involves reforms in legislation, property rights, price mechanism and the investment system. The crucial issue lies in deregulation, but this is difficult to realize for a government-led reform. Only if government's control and intervention are decreased enough can the construction market and related professional bodies play their proper roles so that the development platform of China's construction industry can be gradually perfected.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | China; construction business system; economic reform; governance; institutional reform; market economy |
| Index terms: | institutional change, governance, platform, legislation, transformation, deregulation, property rights, construction market, construction industry, China |
| Subjects: | sociology, market analysis, regulatory law, industry analysis, digital design, Geography, real estate economics, legal systems, business |
| Topics: | Governance, Business Strategy, Geographical Context, Research Practice, Urban Studies, Digital Applications, Legal Issues |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here