Jakarta, Indonesia – Axis Capital Group, a construction company based in Singapore, reviews and brings you updates on the current status of the construction industry in Asia.
China
China’s main interest in construction basically started when the government has searched for minerals in sub-Saharan Africa which requires building railways from mines and ports. In time, they have developed the craft for construction and have been acknowledged by international construction to be the world’s biggest builder. China’s construction is commended for finishing projects on time.
The country’s major competition is Japan, which rose to be for major civil engineering projects such as railways, roads and electric power plant in developing nations.
Meanwhile, China announced that same month the launch of the Asian Infrastructure Investment Bank by the end of 2015, involving 20 Southeast Asian and Middle Eastern countries. Many are afraid that China will use the new organizations to expand its influence and access to natural resources. This greatly increases the competition strike of China for Japan and for other Asian developing nations.
