LATEST NEWS 
August 25, 2010
Stimulus boosts China Construction Bank profit
BEIJING
China’s state-owned China Construction Bank Ltd. reports that its first half profit rose 27 per cent due to its fee-based businesses and the country’s stimulus program.
Construction Bank said it did well thanks to Beijing’s massive stimulus, which was based on heavy borrowing by state companies and others.
The bank’s cost advisory business “grew by leaps and bounds” due to stimulus-financed spending on building highways and other infrastructure, its vice-chairman and president, Zhang Jianguo, said in a statement.
Some analysts suggest Chinese lenders could face a rise in bad loans following the rapid increase in lending during the stimulus.
DCN News Services
| MOST POPULAR STORIES |
- Steel hurdles for Aga Khan Museum build
- How to suspend a 13-storey tower over a century-old four-storey structure
- Benson Steel faces transport challenge on Toronto Yorkdale Mall construction project
- York Region, Ontario approves subway construction expenditures
- Bidding closes for Toronto 2015 Pan Am games venues
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 239 projects with a total value of $1,872,783,897 that Reed Construction Data Building Reports reported on Tuesday.
$59,000,000 Milton ON Prebid
$50,000,000 Metro Toronto Reg ON Tenders
$49,375,000 Toronto ON Prebid
| CURRENT STORIES |
- Toronto Construction Association presents ‘Best of the Best’ awards
- Interior floor care a major consideration in condo maintenance
- Brazil World Cup venue workers threaten strike
- Construction plans heated up in December 2011: Statistics Canada
- Canada about to fall to second in economic growth among the G7
- Thunder Bay, Ontario considers $40-million capital budget
- North Vancouver condos are First Place
- $2 billion oilsands expansion gets the green light
- Whistler asphalt plant operator wins court battle
- Research council's web wind tool helps with roof design
- Exploring the Canadian identity
- Immigration stream would be welcome
- Saskatchewan mayors want cash
- Yukon's first LEED structure earns its certification
- Co-operation planned on codes and standards
| ALEX’S ECONOMICS BLOG |
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- Canada’s labour market flat in January but U.S. on a roll (February 3, 2012)
- Canada’s leading indicator series continued to charge ahead in December (January 23, 2012)
- 2012 holds promise but there’s no denying the uncertainty (part 2) (January 12, 2012)
- More
