Various Infrastructure companies
China Metallurgical Group, often referred to as MCC (it was formerly China Metallurgical Construction Corp. MCC, listed as the fifth-largest Chinese contractor by trade publication Engineering News & Record(ENR), helped build Shanghai’s Pudong International Airport and also builds industrial facilities such as steel mills and mines.
China Railway Engineering Group, the largest Chinese contractor in 2010, is also planning to sell shares in late 2012 or 2013.The Company, which helped to build a highs speedrail line in Shanghai, seeks to raise about $1.5 billion.
In March 2009, reports emerged that China Railways Construction Corp., the second-largest construction company in China, according to ENR, would sell shares on the Hong Kong and Shanghai stock exchanges, raising about $2 billion.
In early 2010, the government released its 12th five-year plan, which calls for scores of projects that will involve large amounts of new construction. The government wants to build new high-tech research and manufacturing facilities, upgrade transportation infrastructure, and expand the country’s pipeline and power transmission networks.
That compares with about $14.8 billion spent over the previous 15 years. Further spending will go to expand the railway and highway networks, as well as to build new ports and dredge rivers.
Measures taken in China and South Korea to cool the real estate market are having a noticeable