The company that built two-thirds of China’s railway network is now at the forefront of China’s global infrastructure outreach. In coordination with Beijing's Belt and Road Initiative (BRI), China Railway Engineering Group reported $18.2 billion worth of new contracts overseas in 2019 (85% of which were in BRI countries), a 22% growth in comparison to 2018. Its projects include high-speed railways in Laos, Indonesia, Hungary, and Serbia. The company’s domestic business remained steady too as it reported a 28% jump in the value of new projects in 2019. China Railway Engineering Group couldn't escape the effects of pandemic lockdowns in early 2020, though, as revenue and profits dipped 2% and 7%, respectively, in the first quarter.