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Global construction firms face challenge from China
As construction companies in the U.S. and other developed economies bid on projects worldwide, China has replaced Japan as their most-feared competitor, according to The Economist. China State Construction & Engineering, the world's largest construction company, is renovating New York's Alexander Hamilton Bridge. "The world's biggest builders are getting a growing share of the work," the magazine notes.
Economist (free content), The (10/27)
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