Guangdong Construction to step up overseas play

Guangdong Construction Engineering Group Co Ltd, a State-owned industry leader based in Guangzhou, plans to expand its overseas business by increasing investments and strengthening R&D.

Toward this end and other purposes, GDCEG has co-launched a series of investment platforms with banks as well as governmental and nongovernmental funds.

These platforms can draw investments worth more than 50 billion yuan ($7.35 billion), said Qiu Xiaoguang, chairman of the board of GDCEG.