Anhui Foreign Economic Construction Group

Not to be confused with Anhui Construction Engineering Group, another construction company based in Anhui.
Anhui Foreign Economic Construction (Group) Co., Ltd.
Native name
安徽省外经建设(集团)有限公司
Company typePrivate
IndustryCivil engineering, mining
Headquarters
Hefei, Anhui
,
China
Area served
Worldwide
Websitewww.afecc.com

Anhui Foreign Economic Construction Group (AFECC) is a Chinese construction and mining company with an international focus that includes 14 overseas subsidiaries in Asia, Europe, Africa, the Caribbean, and Pacific Islands.[1] Based on the value of 2011 deals, the company ranks among the top 225 contractors in terms of international projects.[2]

In its charitable giving, the company contributed $1.5 million towards a week long phase of a medical mission called the "Brightness Trip", in which a medical team visiting the hospitals of Malawi treated patients with cataract conditions.[3]

Due to a high debt burden, the company defaulted on RMB 6.7 billion in bonds in June 2019. Chinese regulators were slow to recognize the risk, rating the company's bonds AA+ a month before the default.[4]

  1. ^ "Corporation Information". Anhui Foreign Economic Construction Group. Archived from the original on 2013-12-19. Retrieved 2013-09-22.
  2. ^ "The Top 225 International Contractors". Engineering News Record. Retrieved 2013-09-22.
  3. ^ Yu, Guanghua (2013). Rethinking Law and Development: The Chinese experience. Routledge. p. 230. ISBN 9780415640367.
  4. ^ Clifford, P.G. (2021). The China Paradox: At the Front Line of Economic Transformation. De Gruyter. p. 164. ISBN 978-3-11-072423-3. Retrieved 2022-10-10.