In 2021, China's new contract orders for construction reached as high as 3.53 trillion yuan.

This figure is significantly higher than the total annual sales of China National Tobacco Corporation the previous year, which is an astonishing achievement under the current economic circumstances.

As one of the largest construction companies in China, how did China State Construction Engineering Corporation (CSCEC) achieve such results?

CSCEC leveraged its established strategy, seizing opportunities driven by regional integration and free trade to segment and layout overseas markets.

They also tailored comprehensive solutions, including housing and infrastructure, according to local demands.

CSCEC has initiated a series of exploratory actions to diversify its business and expand its geographical reach.

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They have strengthened cooperation with international consulting agencies and domestic universities, continuously advancing globalization through courses, forums, and project collaborations.

The group has extensive business coverage in various fields, including real estate, energy, and infrastructure.

Additionally, CSCEC has been actively investing and cooperating overseas, winning numerous orders in the international market and injecting new momentum into the company's sustainable development.

For instance, in 2018, CSCEC's subsidiary, China Construction Materials Holding Limited, completed the acquisition of the U.S. Hanson Company, further expanding its influence in the global cement industry.

In 2019, CSCEC signed a strategic cooperation agreement with the American AECOM company to jointly explore the global market.

Diversified business expansion is a key factor in CSCEC's success.

Compared to a single business model, diversification can better cope with market changes, reduce operational risks, and improve profitability.

CSCEC implements scientific and refined management systems, adopting tiered management and centralized decision-making mechanisms.

They also enhance internal communication and coordination through information technology, accelerating project progress and reducing costs.

The company consistently focuses on technological innovation and prioritizes it as a driver of economic benefits.

For example, CSCEC promotes the construction of "smart construction sites," using digital technology to optimize construction plans, monitor project quality, and improve safety production levels.

They have also made significant achievements in BIM technology, such as using BIM for design and construction in the Guangzhou Nansha Nuclear Power Station, which improved project efficiency and quality.

The continuous improvement and innovation in management models are another key factor in CSCEC's success.

Scientific and refined management can increase production efficiency, reduce management costs, and provide broader development opportunities for the company.

The Chinese government has formulated a series of policies and measures to encourage economic development, and CSCEC has actively responded and leveraged these policies to achieve rapid development.

In particular, the "Belt and Road Initiative" in recent years has provided valuable opportunities for CSCEC to expand business overseas.

For example, CSCEC has undertaken numerous infrastructure construction projects in countries and regions along the "Belt and Road," such as the Karachi-Korla Highway in Pakistan and the Mombasa-Nairobi Railway in Kenya.

Actively responding to national policies is another factor in CSCEC's success.

Government support policies and international strategies enable CSCEC to play a more significant role globally and secure more business opportunities.

The rise of Chinese enterprises reflects the general improvement of the national industrial level and signifies a way for China to integrate into the global economy.

It can be said that CSCEC is an excellent example.

By increasing technological content, effectively controlling costs, and utilizing advanced corporate management concepts and operational models, CSCEC has secured a place in the global arena.

In the future, CSCEC will continue to strengthen key areas such as corporate culture construction, talent team building, and R&D system integration.

They actively implement the country's multi-level development strategy and contribute to promoting the Chinese economy and Chinese brands onto the world stage.

CSCEC has achieved such remarkable results through diversified business expansion, innovative management models, and active response to national policies.

This shows that for a company to succeed in the market, it needs to continuously optimize its management model, expand its business scope, and actively respond to and utilize national policies.

It is reported that by the end of 2021, CSCEC's total assets reached nearly 3.9 trillion yuan, with more than 280,000 employees.

China's new contract orders for construction reached 3.53 trillion yuan, surpassing the annual sales of China National Tobacco Corporation.

This indicates that the construction industry has tremendous development potential under the current economic situation and has made significant contributions to rapid economic growth.

Therefore, we look forward to seeing more companies learn from CSCEC's experience, continuously promote their own transformation and upgrading, and contribute more to the sustained development of China's economy.