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People's Daily Online>>China Business

China sees rise in overseas contracting

By Li Yuyang and Kang Shu  (The Economic Daily)

16:24, November 28, 2011

Edited and Translated by Han Shasha, People's Daily Online

Chen Deming, China's minister of commerce, said recently that China has seen a rapid development in its oversea contracted projects.

In 2010, contract value totaled 134.4 billion U.S. dollars, and turnover reached 92.2 billion U.S. dollars. In 2011, as of the end of October, the total contract value had reached 100 billion U.S. dollars, and turnover had already hit 76 billion U.S. dollars.

Chen put forward some requirements at the second plenary session of the sixth council meeting of the China International Contractors Association. He said that Chinese enterprises should strengthen cooperation and reasonably utilize resources, avoid unfair and malicious competition, guarantee the quality of overseas projects, focus on protection of labor rights, create more employment opportunities and properly handle risks.

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