The pandemic hasn’t stopped China State Construction Engineering (CSCE), one of the world’s largest construction companies, from signing contracts. In the first six months of 2020, the state-owned giant reeled in new business worth some $136 billion, up 4.8% from the same period in 2019. As economies worldwide have stalled under lockdowns due to the coronavirus, many governments have turned to infrastructure investment for a boost, and CSCE—as the face of China’s Belt and Road Initiative—is often first in line. But with COVID-19 ebbing in waves, many of CSCE’s outstanding projects could suffer delays in the months and, potentially, years ahead.
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Lists ranking China State Construction Engineering