International engineers and contractors may be eyeing China as the world’s largest consumer market, but the Chinese government still wants domestic industry firms to do some market-related globetrotting of their own, particularly in rail construction. Photo: Bombardier Corp. China purchased more than 60 Canadian-made high-speed-rail cars that will ride on domestic and global lines Chinese firms aim to design and build. Photo: Lou Rocco / ENR China Rail Construction top economist Shang Qingxi says the firm is now the country’s largest contractor. The state-owned China Railway Construction Corp. (CRCC) is now China’s largest and fastest-growing contractor, says Shang Qingxi, deputy
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.