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rn how to manage risk in the business effectively in order to enhance their competitive edge and thereby, survive in such an evolutionary point of time.
The risk management or RM is a systematic, both the proactive and the risk are based technique that is meant to ascertain the control of risks involved in the business activity. Risk management deals with creating awareness about qualifying the risks, uncertainties, to manage the controllable risks and reducing the uncontrollable risks in number and in intensity through intelligent allocation (Liu et al., 2007).
Chinese real estate corporations are quite acquainted with the processes and system of managing the risk. However, they have been lacking in the risk management studies that are based on the special attributes of the Chinese real estate industry in the past years.

   1.2 Objectives
The fast and growing economy of China has pointed out the urgency and significance of understanding risk management as an integral part of business process and performance. This paper will focus on the Chinese characteristics and explain why risks have grown more in the Chinese real estate business process in context of the project assigned by the Shengqiang real estate.
This study will address the following main aspects of risks and risk management in the real estate industry of China in order to determine the efficient and effective management strategies that will overcome various identified risks enabling the sponsors of Shengqiang real estate’s project to reduce costs as a result of less risk.
Identify the specific and specialized risks that are experienced by the real estate companies in China.
Determine the effective risks management process for the Shengqiang real estate.
Improve the risk management of Shengqiang real estate that will effectively control the risk involved in the project so that the company earns more profit if not then it will incur great loss.

Chapter 2 LITERATURE REVIEW
2.1 The Development History of Chinese Real Estate Sector
Chinese economy was highly centralized and planned during the period of 1949 to the early 1980s. At that point of time, the Chinese government used to deduct the public housing constructive fund from the salaries of the national workers and then the Chinese government used to provide public housing to the national workers usually by work unit based housing subsidies on the completion of the construction. Only a minimum amount as rent was charged from these state workers in a symbolic sense. This period has been referred as the ‘dormancy stage’ by many scholars. Dormancy stage had no real estate for sale, market and exchange while the land of country was provided free according to the government plans. The government used to completely control the real estate construction, investment, consumption and exchange.
The much needed economic reform originated after 1980 from its core. China gradually adopted this market based economic reform. In the mean time, the real estate of China market provoked a new reform of urban housing system.  The National People’s Congress of China in 1988 officially declared the clause ‘the right to use the land may be transferred according to the law was included in the section 4, article 10 of the Chinese Constitution (Wu, 2000) which further legalized the Chinese real estate development. The China had a very low an本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。