Construction chief springs a surprise on premier
By Xing Zhigang | China Daily | Updated: 2015-09-21 07:59
Meng Fengchao, chairman of China Railway Construction Corp Co Ltd, hadn't expected to surprise Premier Li Keqiang when he complained to him about disorder in the Chinese construction market at the seminar on SOE reform.
He asked for better regulation of the market, saying that entry barriers set up by some local governments had undermined the operating environment.
One of these barriers, according to Meng, is the compulsory establishment of a branch company by any construction firm that wins the bidding for a project in a province or city where it is based.
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