Tag: Li Shanghu
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WEEK IN REVIEW: Chinese Contractors Won Nearly a Third of Construction Projects in Africa in 2022, Four Times More Than Western Firms
Chinese contractors won nearly a third of all construction projects in Africa last year, four times more than Western firms, according to a new study by the Hinrich Foundation. These findings mark a sharp reversal from the 1990s when U.S. and European firms won 85% of infrastructure contracts.
Fishermen conduct abalone management and protection operations at sea in the waters of Xiaocheng Town, Lianjiang County, Fuzhou City, Fujian Province, China, on March 14, 2026. (Photo by Costfoto/NurPhoto) (Photo by CFOTO / NurPhoto / NurPhoto via AFP)
"China's financial commitments are simply more tangible and easier to grasp than those of Europe," one delegate from an island state remarked to me on a bright spring day in late March, as we both gazed out at the East River from the United Nations Headquarters. Behind us, in airless ...
WEEK IN REVIEW: Chinese Contractors Won Nearly a Third of Construction Projects in Africa in 2022, Four Times More Than Western Firms
Chinese contractors won nearly a third of all construction projects in Africa last year, four times more than Western firms, according to a new study by the Hinrich Foundation. These findings mark a sharp reversal from the 1990s when U.S. and European firms won 85% of infrastructure contracts.