[In 2022, China's foreign contracted projects will turnover of 1 trillion yuan]Recently, the State Council Information Office held a press conference. At the meeting, Vice Minister of Commerce Guo Tingting introduced that in 2022, foreign non-financial direct investment will be 785.94 billion yuan, an increase of 7.2%. Among them, investment in countries along the Belt and Road increased by 7.7%, accounting for 17.9%. Foreign contracted projects developed steadily, with a turnover of 1.0 trillion yuan, an increase of 4.3%, and 59 new projects with a contract value of more than 50 million US dollars compared with 2021. Editor/Xu Shengpeng
CRCC has won three EPC general contracting projects, including Gansu Independent Energy Storage, Ningxia Mountain Wind Power, and Shanxi Flywheel Hybrid Energy Storage, with a total amount exceeding 1.66 billion yuan. The project serves the peak shaving and consumption of the three power grids respectively, providing solid support for the construction of new regional power systems. Editor/Min Jing
On August 5, 2026, the office control building of the Nanning Granite Aggregate Mining Project, constructed by CR1G, completed its topping out. The project has an annual output of 2 million tons of aggregate and a comprehensive utilization rate of over 95%. The team overcame multiple difficulties such as typhoons and high temperatures during the flood season, and will accelerate the construction of the main mining project to help ensure the supply of local sand and gravel. Editor/Min Jing