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.
File image of a worker cleaning solar panels installed on the roof of the traditional Gedhe market in Klaten, Central Java. China’s $180 billion clean tech push is reshaping the Global South, with Indonesia a key test of who controls new green industries. (Photo: DEVI RAHMAN / AFP)
By Cobus van Staden, CGSP Head of Research Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
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.