Caixin
Dec 07, 2018 07:16 PM
BUSINESS & TECH

State Engineering Firms Land $1.68 Billion in Overseas Projects

China CAMC Engineering Co. Ltd. has won a $1.2 billion deal to build a steel plant in Azerbaijan. Photo: VCG
China CAMC Engineering Co. Ltd. has won a $1.2 billion deal to build a steel plant in Azerbaijan. Photo: VCG

* China CAMC Engineering Co. Ltd. will build a $1.2 billion steel plant in Azerbaijan, while Sinoma International Engineering Co. Ltd. will construct a $480 million cement plant in Zambia

* Chinese companies last year began looking at overseas projects to prop up demand after Beijing reined in local governments’ debt-fueled infrastructure spending — a policy the central government has since reversed

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