Industry news

  • How Chinese enterprises find new development paths in the narrow gap.

    2021-10-28

    China's China one belt, one road initiative, one belt, one road initiative, has posed new challenges to the current international cooperation. One belt, one road is China, one belt, one road, and one belt, one road. The United States relies on the "entity list" and other policy tools to suppress the development of China and the "along the way" along the line.

  • Compliance management of overseas project agents.

    2021-10-28

    [Abstract] the use of agency is an important way for foreign investors to obtain and execute projects in the host country. Most Chinese enterprises employ agents when they go abroad to obtain and even execute projects. However, while the agency creates the value of project acquisition and even implementation for Chinese enterprises, it will also bring high risks to Chinese enterprises, especially compliance risk. This paper intends to analyze the compliance management of overseas project agents, prompt compliance risks and provide risk prevention and control suggestions, which can be used as a reference for Chinese enterprises "going out" when hiring agents.

  • Applicability Analysis of LD Clause under Early Termination of International Works

    2021-05-19

    Delayed damages are a key clause in international engineering contracts, which stipulate the remedies for breach of contract available to the Owner in the event that the Contractor postpones completion.In international engineering contracts, it is generally agreed that the Contractor shall compensate the Owner for a certain amount of default (the amount has been agreed in the contract) for each day of delay until the completion of the project without having to prove his actual loss, i.e. the liquidated damages clause (hereinafter referred to as the LD clause).

  • How to build the tallest building in Africa in the desert of Egypt?

    2021-05-12

    About 50 km east of Cairo, the capital of Egypt, Phase I of the new administrative capital central business district (CBD) of Egypt built by Chinese enterprises has begun to take shape.The ongoing construction of the landmark tower has now become a new landmark in Egypt and local people regard it as a pride in Egypt's economic construction.

  • Strengthen cooperation and transform momentum to promote high-quality development of outsourcing engineering industry

    2021-05-07

    In 2020, the new crown epidemic swept the world, increased global political instability, continued economic downturn, and deteriorated business environment.Debt risk is rapidly gathering and financial institutions are becoming more hedged.Energy demand has shrunk, movement of people and goods has been restricted, the international trade index has declined rapidly, and the pace of project promotion and implementation has slowed considerably.

  • Improve the level of enterprise management and promote the high-quality development of the industry.

    2020-09-29

    At the end of 1 in 2020, COVID-19 suddenly swept across the globe. Although there is still great uncertainty about the global spread of the epidemic, the agencies are generally optimistic about the judgment of economic recovery in the post epidemic era.

  • Summary: recent major developments in the international engineering market.

    2020-10-12

    01 [signing soon]! The latest development of China Thailand high speed railway
    The formal contract for the China Thailand high speed railway project is expected to be signed on October 29.
    On September 29, local time, the Thai cabinet approved the resolution on Revising the 2.3 contract content of Thailand China railway section from Bangkok to Korat at at the regular meeting, that is, increasing the investment from THB 38.558 billion to THB 50.633 billion, and modifying some design schemes to reduce the later maintenance cost.

  • Nigeria approved a $3billion reconstruction of the Harcourt railway.

    2020-10-12

    Nigeria will continue to implement a plan to repair the narrow gauge railway, which connects Port Harcourt on the Atlantic coast and Maiduguri on the Chadian border, about 1000 km away.