Latest News:  
Beijing   Light to moderate rain/Light rain    13 / 8 ℃  City Forecast

English>>Read more

Chinese firms look to UK railway projects (2)

By Diao Ying in London (China Daily)

09:04, November 07, 2012

The proposed cooperation comes on the tail of large investments Chinese companies have made into the UK.

Last week, China Investment Corp, manager of China's sovereign wealth fund, bought shares in Heathrow Airport Holding, the operator of London's Heathrow airport. Before that, in January, it had invested in Thames Water Utilities Ltd, which supplies water services to London and other places in Britain.

Chinese contractors, though, are only starting to work on large projects in developed economies and have not taken part in any in the UK.

That comes in contrast to what they have done in the Middle East and in African countries such as Libya and Nigeria, where they have helped build prominent railways.

A source of strength for Chinese companies is the support they receive from large State-owned Chinese banks, which have been expanding into developed economies.

Even so, they have little experience in investing in developed economies, according to Wang He, chairman of China International Contractors Association. Unlike many developing economies, the UK has long-standing legal, regulatory and technology requirements, and Chinese companies need to make sure they understand those before they bid on projects there.

The UK also has a history of letting foreign companies take part in infrastructure projects. Among the operators of its national railways are companies from Germany and the Netherlands.

【1】 【2】 【3】


Recommended Features:
[Special]'Made in China' Revisited From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
The Vision of A Pillar Industry China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
IPR in China: Causes for the Thriving Cause Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Email|Print|Comments(Editor:梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's stealth fighter concept model

  2. PLA Macao Garrison finishes 13th rotation

  3. Unforgettable moments in Nov. (III)

  4. Flight test of unmanned aircrafts conducted

  5. First inter-blood-type liver transplant in China

  6. Harbin Autumn Automobile Exhibition

  7. Embroider best wishes on insoles in Shanxi

  8. China's rich people will reach to 280 million

Most Popular

Opinions

  1. Commentary: Hot money needs cooling
  2. Smart solutions for better city, better life
  3. China remains an 'engine' in global economy
  4. M&A of listed companies gaining steam
  5. Is 'culture' inferior to 'commercialization'?
  6. Chinese liquor makers "sober up" over bans
  7. Strength of Chinese culture lies in understanding
  8. Securing China's e-commerce growth
  9. Hammered ore prices threaten Chinese iron miners
  10. CNN Beijing chief: China's challenges, opportunities

What’s happening in China

Landmark building should respect the public's feeling

  1. Herders, sheep flock move to winter pasture
  2. First inter-blood-type liver transplant in China
  3. HIV patient to sue hospital over cancer op refusal
  4. Test in intelligent vehicle for food detection
  5. Smart card, dumb refund rules