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Peninsula Bay Project in Sihanoukville, with China State Construction as general contractor, exposed for repeated wage arrears

10.15 ·Reported ·Importance II ·Sources 1 ·柬埔寨西哈努克市

On October 15, Cambodian media outlet CamboJA published an investigative report in which several construction workers at the "Peninsula Bay" project in Sihanoukville said their wages had been repeatedly delayed in recent months. One plasterer said that after August wages went unpaid, workers sat at the gate of the site and refused to start work before they finally got paid; China State Construction serves as the general contractor.

China State Construction Engineering Corporation's accounts payable exceed 1 trillion yuan, with extended payment cycles

08.29 ·Reported ·Importance IV ·Sources 1 ·China

On August 29, the semi-annual report of China State Construction Engineering Corporation showed that its accounts payable exceeded 1.1 trillion yuan, with nearly 300 billion yuan overdue for more than a year. The company admitted to extending payment cycles for subcontracted projects, despite holding 395.1 billion yuan in cash and cash equivalents. On September 10, the State Council required state-owned enterprises to take the lead in making timely payments, focusing on large enterprises that have sufficient cash but still delay payments.

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