Chinese construction giant CCCC aims to counter growing uncertainty with belt and road project push

Chinese state-owned engineering giant China Communications Construction Company (CCCC) will counter growing uncertainty in the growth of its overseas projects, some of which has been caused by US blacklisting of five of its subsidiaries, by pushing ahead with its Belt and Road Initiative projects.CCCC flagged potential headwinds to its ability to increase overseas projects abroad in a trading update to the Hong Kong and Shanghai stock exchanges late last week.And while the company was referring…

China Communications Construction Company (CCCC) flagged potential headwinds to its ability to increase overseas projects abroad in a trading update to the Hong Kong and Shanghai stock exchanges late last week. Photo: AFPChina Communications Construction Company (CCCC) flagged potential headwinds to its ability to increase overseas projects abroad in a trading update to the Hong Kong and Shanghai stock exchanges late last week. Photo: AFP

China Communications Construction Company (CCCC) flagged potential headwinds to its ability to increase overseas projects abroad in a trading update to the Hong Kong and Shanghai stock exchanges late last week. Photo: AFP

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