Why did the urban construction in Beijing plummet?

Reasons for Beijing Urban Construction Collapse:

The domestic economic development has slowed down;

Domestic and foreign stock markets have been substantially adjusted;

RMB depreciation;

Crude oil and commodities fell sharply.

Introduction:

Beijing Urban Construction Group is a large-scale comprehensive construction enterprise group with six pillar industries: project contracting, real estate development, urban rail construction, landscaping, property management and investment and financing. It has the special qualification of general contracting for building construction and highway construction, and the first-class qualification of municipal public works, electromechanical installation, foundation and foundation, steel structure, highway pavement and urban rail transit engineering. The Group's design and construction business in industrial and civil buildings, municipal engineering, subways, expressways, landscaping, deep foundations, long-distance pipelines and other fields spread all over the country, and set foot in many countries in Southeast Asia, the Middle East and Africa. The real estate development business has also moved from Beijing to other places, and has formed a unique competitive advantage through the integration with the design and construction business. The group is also engaged in industrial production, property management, hotel management, foreign trade and other businesses. The Group is one of the "Top 500 Chinese Enterprises" and "225 largest international contractors in the world", and has won the titles of "the most influential enterprise in China" and "the national excellent construction enterprise".

Beijing Urban Construction Group has total assets of 96.8 billion yuan, 26,500 employees, sales of 92.6 billion yuan in 2065,438+04, operating income of 48 billion yuan, construction area of over 40 million square meters and self-operated real estate development area of over 5 million square meters. Its main economic and technical indicators are among the best among construction enterprises in Beijing. At present, the Group has more than 120 corporate enterprises and 42 branches, including 1 domestic (A-share) listed companies, 1 overseas (H-share) listed companies and 29 wholly-owned and holding subsidiaries. The group company and its 40 subordinate enterprises have passed the ISO9000, ISO 1400 1 and OHS 18000 certifications.