THE RISE OF CHINESE CONTRACTORS ON INTERNATIONAL PROJECTS
Since the late 1990s, the international construction market has
witnessed the steady growth of Chinese contractors competing for
work abroad. Chinese contractors are becoming important and
influential players in the international market. The demand for
infrastructure development, especially in developing countries,
provides a solid platform for Chinese contractors to engage in the
international arena. Similarly, strong support from the Chinese
government as well as very competitive pricing played an important
role for the expansion of Chinese contractors globally in recent
years. Increasingly, international lenders are asked to consider
lending against Chinese contractors, bringing the competitiveness
of Chinese contractors to the attention of the international
project financing community.
