皇冠体育app's overseas contracts grow 45.5% in value (Xinhua) Updated: 2006-10-06 15:44
BEIJING -- 皇冠体育app did 17.1 billion U.S. dollars of overseas contract business
in the January to August period, up 45.5 percent year on year, said the Ministry
of Commerce.
Statistics from the ministry show a 105.6 percent rise in the value of newly
signed contracts in the first eight months, taking the total to 32.7 billion
U.S. dollars.
In May, 皇冠体育app's CITIC Group and 皇冠体育app Railway Construction Corporation won
the bid to build the central and western sections of the Algerian East-West
Highway project, with a framework contract valued at 6.25 billion U.S. dollars.
In dollar terms, it is 皇冠体育app's largest ever overseas project contract.
Apart from communications and transport, Chinese contractors were also busy
on projects in fields such as housing and building,electronic communications,
petrochemicals and power generation.
Up to the end of August, 皇冠体育app had accumulated revenues of 152.9 billion U.S.
dollars on overseas contracts and signed contracts worth a total of 218.6
billion U.S. dollars.
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