JD Logistics – beaten up, enough damage done
Endless pain
© Sagara Tharanga | Dreamstime.com
Behind China’s multi-faceted Belt and Road initiative sits the state-owned China Communications Construction Co (CCCC), the largest construction contractor of the myriad infrastructure projects under its umbrella. It reportedly has a portfolio of over 700 projects in over 100 countries, not including China, cumulatively worth more that $100bn. However, according to this long read from Bloomberg Businessweek, it has also been dogged by accusations of bribery, corruption and environmental damage around the world, as well as provoking severe mistrust in countries suspicious of its links to the Chinese state and Communist Party, and was even blacklisted by the World Bank after allegedly rigging a road building bid in the Philippines.
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