A CHINESE delegation has visited the British Constructional Steel Association to discuss industry standards and product certification, among other things, in order to better understand the UK market and identify best practice for its home market.
The Chinese Construction Metal Structure Association (CCMSA) which represents product suppliers, contractors, consulting engineers also held meetings with the British Board of Agrément (BBA) and Imperial College London.
Wendy Ajuwon, Head of Marketing at the BBA, said, “We discussed the possibility of further exchange and co-operation on steel standards and building product certification with our Chinese colleagues, who were particularly interested in how the BBA certificates building products and CE Marks against EN 1090 work; Imperial College London hosted a workshop to explore this Eurocode, which was well-received.
“CCMSA members have expressed their wish to establish a professional relationship with the BBA and we value the opportunity to work with them to better understand how China certificates products, which will become increasingly important as the UK moves through Brexit.”
CCMSA spokesman Shi Yongjiu said, “We had an extremely successful technical visit to the UK. Every group member now has a much better understanding of the building product certificates in the UK and learned a lot from BBA practices. I sincerely wish that the exchange between the BBA and CCMSA will be further expanded and look forward to collaborating on products certifications.”
Deals Rise in the Chinese Construction Industry
The visit comes as research shows China’s construction and real estate industry experienced a rise of 3.9 per cent in overall deal activity during Q3 2019, when compared with the last four-quarter average.
A total of 54 deals worth $3.9bn were announced in Q3 2019, compared to the last four-quarter average of 52 deals.
Mergers and Acquisitions (M&A) was the leading category in the quarter, with 45 deals, accounting for 83.3 per cent of all deals.
In second place, was Venture Financing followed by Private Equity in terms of value of deals.
In terms of value, M&A was again the leading deal category in China’s construction & real estate industry with total deals worth $2.68bn, while private equity and venture financing deals totalled $1.2bn and $18.25m, respectively.