Strategy of Chinese development companies in the Russian market

Abstract

Of all foreign investors, Chinese financiers are most interested in the Russian market. Chinese companies contribute their management system, machinery and construction materials to development projects. China is a leader in making effective use of BIM technologies. Chinese researchers are developing innovative solutions that can be contributed to projects developed in Russia. The co-authors of the article focus on the case of Park Huamin multifunctional facility, the most ambitious large-scale project in the history of the Russian – Chinese cooperation. Thanks to the project management principles prevailing in China, investors from China successfully implement development projects in Russia for the benefit of both great cultures. They also introduce Chinese management models, designated for investment and construction projects (ICP) in the Russian market, thus, increasing the efficiency of the Russian development industry and the national economy as a whole.

Keywords

• investment and construction project
• real estate development
• Chinese management model
• innovative technologies
• international cooperation