Deleverage Means Less Public-Private-Partnership Projects for CRCC Going Forward
China Railway Construction Corporation, or CRCC, and its larger competitor, China Railway Group, make up China's railway infrastructure construction duopoly. Since 2008, CRCC has benefited tremendously from China's massive building boom, doubling its revenue in just two years.Since 2011, CRCC has been in diversification mode. Its infrastructure construction business now accounts for 83% of revenue, down from nearly 90%. Beyond that, CRCC is mainly involved in related services: manufacturing, des...China Railway Construction and its subsidiaries are engaged in the construction of infrastructure; the provision of survey, design and consultancy services; the design, research and development, production and sale of large track maintenance machineries and components for railway construction; the real estate development; and the provision of logistics services. Co.'s business covers the 32 provinces (cities), autonomous regions, Special Administrative Regions in China (excluding Taiwan) as well as 45 foreign countries and regions in the world.Hubei Wanjia Real Estate Development Limited40Other Business Operations
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