China State Construction Engineering

RANK18

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.