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Headquartered in Beijing , China Railway Construction ’ s ( CRC ) revenues rose to 11 % in 2018 while its Fortune ranking dropped one place to 59 . The state-owned corporation ’ s roots go back to the Railway Engineering Corps set up in 1948 . CRC covers project contracting , survey design consultation , industrial manufacturing , real estate development , logistics , trade of goods and materials as well as capital operations . Dedicated to becoming a global construction player , recent projects have included 4,000 social housing units in Angola and the construction of a seaside resort in Algeria .

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