Analysis of Chinese international contractors and designers in 2020

Based on the list of top 250 international contractors and top 225 international designers released by Engineering News Record (ENR), this paper detailed the latest statistical analysis and comparison of the top 250 international contractors and the top 225 international designers from the three aspects of ranking, field and region. The seventy-four Chinese international contractors listed on the top 250 in 2020 have international revenues of US$120.01 billion, a slight increase of 0.87% over last year; the overseas design amount of the 24 Chinese designers on the top 225 list in 2020 was US $4.294 billion, a decrease of 15.92% over last year.


2.1Analysis of Chinese international contractors by ranking
A total of 74 Chinese contractors were shortlisted for the 2020 top 250 International Contractors, two fewer than last year. The ranking changes of the listed companies and their revenue in the international contracting market are shown in Table 1. There are still three finalists in the top ten of the top 250 international contractors, namely China Communications Construction Grp.Ltd., which ranks 4th, Power Construction Corp.of China, which ranks 7th, and China State Construction Engineering Corp., which ranks 8th. Compared with last year, among the 74 companies, 37 have risen in the rankings, accounting for half of the total number of companies on the list in China. There are eight new companies on the list this year. The biggest rise in the ranking is the Beijing Urban Construction Group Co.Ltd., which is ranked 105th in advance 49. Among the 27 companies that dropped in the ranking, Xpcc Construction & Eng'G (Group) CO., had the largest decline, with a decrease of 59 compared with the previous year. Tabel   3．Analysis by market revenue

3.1Analysis of Chinese international contractors by market revenue
ENR classifies the construction industry into ten specialized fields: general building,manufacturing, power, water supply, sewerage/waste, industry, petroleum, transportation, hazardous waste,and telecommunications [4] .It can be seen from Table 3 that the main businesses of Chinese contractors are concentrated in the fields of transportation, general building, and power. The three areas accounted for 34.16%, 26.02%, and 19.78% of total operating income respectively, accounting for 79.96% of total operating income.industry/petroleum accounted for only 9.99%, and the business field began to develop from the industrial/petroleum fields to transportation, power and other fields. After years of development, China has made great achievements in foreign contracting projects, and its business scope has gradually diversified.The international business diversification levels showed a clear positive correlation with sales revenue [5] .
In construction, many large firms are diversified, and their diversification is recognized as a corporate strategy for growth and risk management [6] .As shown in Table 4

4.1Analysis of Chinese international contractors by regional distribution
According to the two indicators of the revenue share of each region and the market share of Chinese contractors in each region, the regional distribution of the Chinese contractors listed in the Top 250 International Contractors in 2020 is analyzed. The specific situation is shown in Table 5. The operating income of Chinese contractors in 2019 mainly comes from the three regions of Asia, Africa and the Middle East. The three together accounted for 88.35% of the total international income of Chinese international contractors, of which Asia accounted for 45.24%, Africa accounted for 28.47%, The Middle East accounted for 14.64%. From the perspective of market share, Chinese contractors accounted for more than 50% of the African market, which is the largest market share among the seven regions, and their market share in Europe, the United States and Canada does not exceed 5%. 1 Among the top 10 regional markets, Chinese companies still fail to occupy a large market share in the European, American and Canadian regional markets, but have obvious advantages in the other four regional markets. It can be seen from Table 6

4.2Analysis of Chinese international designers by regional distribution
It can be seen from Table 5 that the market of Chinese designers is mainly concentrated in Asia. In 2019, the revenue of Chinese designers in the Asian market accounted for 64.81% of the total overseas revenue of Chinese designers, but they did not perform well in the European and American markets. International design revenues in the United States, the Middle East and Africa have all fallen sharply, down 57.65%, 44.96%, and 29.82% respectively. The market share in Europe, the United States and Canada is less than 2%.Due to economic nationalism, the international design revenue of Chinese designers in the United States has fallen from US$307.5 million in 2017 to US$110.4 million in 2019. It can be seen that although the design capabilities of Chinese design companies are constantly increasing, the market area is narrow. The market of Chinese international designers is mainly concentrated in Asia, followed by Africa and the Middle East. Although Chinese designers have set foot in Europe and the United States where the market is mature and complete, it is still difficult to occupy a portion of the market share. The share of Chinese international designers in the international design market is uneven.

5.Conclusion
Driven by "go global" strategies, Chinese companies are more competitive in the international market. In 2019, Chinese companies have made progress in the international engineering market. In 2019, the total international contracting revenue of Chinese contractors was US$120.01 billion, accounting for 25.4% of the total turnover of 250 international contractors, an increase of 0.87% over last year. The total international design turnover of Chinese designers was US$4.294 billion, which accounted for 5.94% of the total turnover of the top 225 international designers. China has seventy four companies shortlisted in the top 250 international contractors, surpassing the United States and European countries in number; in the ranking of the top 225 international designers, China has 24 companies shortlisted.An objective analysis of the top 250 international contractors and 225 top international designers of Chinese companies, summarizing the laws and adjusting their internationalization strategies, will help Chinese contractors and designers continue to improve and develop gradually. The open international market environment and free competition system are conducive to China's engineering contracting companies and design companies to enter a healthy development process. The entire international engineering market is sluggish. This is both a hindrance and an opportunity. Chinese companies should work harder to improve their overall level and international competitiveness, and achieve surpassing. The impact of the new crown epidemic on the global economy will gradually become apparent in the 2020 International Conference on Urban Construction and Management Engineering IOP Conf. Series: Earth and Environmental Science 608 (2020) 012016 IOP Publishing doi:10.1088/1755-1315/608/1/012016 8 next few years. Countries will try their best to reduce investment in overseas markets and concentrate their main business transactions at home. Therefore, income in the international engineering market will grow slowly or even negatively. In order to minimize the economic impact of the new crown epidemic on countries, in the post-epidemic era, China should improve and expand infrastructure construction to drive industrial development; increasing employment opportunities and expanding domestic demand are effective actions to reduce risks in the construction industry [7] .