HONG KONG -- China Railway Group reiterated Tuesday that overseas infrastructure projects remain on track to contribute 10% of its revenue in the near future, up from the current 5.5%, dismissing short-term setbacks and uncertainties.
The Beijing-based contractor, which is 54% owned by the State Council's China Railway Engineering Corp., saw the value of new contracts from abroad decline 8.2% in the first half from a year earlier to 28.62 billion yuan ($4.37 billion).
