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The Chinese dredging and land reclamation market - A market research on the opportunities for Dutch organizations in the Chinese dredging and land reclamation market

Wassink, J.S.A. (2011) The Chinese dredging and land reclamation market - A market research on the opportunities for Dutch organizations in the Chinese dredging and land reclamation market.

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Abstract:With China becoming known as the world’s factory, as well as a country with an insatiable appetite for raw materials and growing consumption internally China’s port sector is hurried to continue expanding capacity to support trade and economic growth. Besides, the pace of urbanisation in China will have a fundamental effect on all businesses. Unlike Europe and the US, China is still a developing market. Urbanisation does more than just drive growth; it also makes it more stable. As the global financial crisis showed, with growth increasingly driven by domestic urbanisation, China is less dependent on more volatile and slower growing export markets to keep its economy afloat. The booming need for port expansion (coastal and hinterland), industrial and urban development offers potential business opportunities for the Dutch water sector, which can offer support and solutions in dredging and land reclamations for global trade, urban development, coastal defense, energy supplies and leisure/tourism. Purpose of the research This research is conducted for the Economic and Commercial Department of The Embassy of the Kingdom of the Netherland in Beijing. The Embassy proposed to do a research into the Chinese dredging and land reclamation market with the purpose of port development. The research contributed to the Embassy’s understanding of the developments in the Chinese dredging and land reclamation by taking into consideration China’s port governance Research approach This thesis is an exploratory research with a qualitative nature. The research particularly aims at a better understanding of the Chinese dredging and land reclamation market and feasibility for more extensive study in the future. The literature study started from the perspective of the macro environmental PESTEL framework and elaborated on the political and legal factors on an in-­‐depth basis. The influences of these factors were taken into account regarding the transformation of the construction market and China’s port governance. Finally, conclusions and recommendations were made regarding the best practices for Dutch marine contractors in approaching the Chinese dredging and land reclamation market. Conclusions and Recommendations Overall, it will be a difficult task for Dutch marine contractors to get a foot on the ground in the Chinese dredging and land reclamation market. Although the port construction market is opening up and transforming due to decentralization measures the Chinese government intervenes with more regulations to protect its market from foreign contractors. Because of the legal system with its taxes and licenses it is extremely hard for a foreign marine contractor to participate in a profitable project. The threats in the Chinese dredging and land reclamation market are not compensated by the opportunities at the moment. But from a long-­‐term perspective, the developments of the dredging drivers offer a bright future and positive outlook for new business opportunities in the Chinese dredging and land reclamation market. As such, the Dutch marine contractors need to prepare to invest in a long-­‐term relationships with all the relevant stakeholders. This is an essential basic before Dutch marine contractors can benefit from the prosperous Chinese dredging and land reclamation market. As such, to increase the chances of becoming successful, the Dutch marine contractors should form a strategic alliance in approaching the Chinese dredging and land reclamation market. The Embassy of the Kingdom of the Netherlands should support this process by using its mediation and lobbying capabilities regarding the relevant tax and license issues.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Industrial Engineering and Management BSc (56994)
Link to this item:http://purl.utwente.nl/essays/61114
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