With 82.6% of their market share in Asia and Africa, Chinese construction companies working globally and in mostly unstable nations face unforeseeable risks that, if not managed properly, could weigh heavily on their business. Attacks on construction sites have pushed companies to adopt more comprehensive defenses and take further precautions for risk recovery and management.
Uncertainties aside, last year was a good one for Chinese contractors working globally, according to the China International Contractors Association (CHINCA), an alliance of companies that work outside China. Both the monetary worth of completed projects and new contracts grew by at least 10% over 2011, more than stabilizing the recovery from recession.