Group 1 - The core viewpoint is that China's foreign contracting engineering sector is expected to continue its recovery in 2024, with a projected revenue of $165.97 billion, a year-on-year increase of 3.1% [2] - The new signed contract amount is anticipated to reach $267.3 billion, reflecting a growth of 1.1% compared to the previous year [2] - The number of personnel dispatched for contracting projects is expected to rise significantly by 37.8%, totaling 153,000 individuals [2] Group 2 - The report indicates a shift in project types, with traditional large-scale projects in power and water sectors declining, while smaller, flexible projects in renewable energy, oil drilling, and metallurgy are emerging [2] - Middle East and Central Asia are becoming key markets, replacing traditional markets, with an increase in projects in countries like Serbia and Poland [2] - Southeast Asia and South Asia are highlighted as recent hotspots for investment by Chinese companies [2] Group 3 - Over 80% of China's foreign contracting business is concentrated in developing countries in Asia and Africa, with Asia being the largest market [3] - In 2024, the new signed contract amount in Asia is projected to be $148.38 billion, a year-on-year increase of 13.8%, accounting for 55.5% of the total [3] - The completed revenue in Asia is expected to reach $88.03 billion, reflecting a growth of 2.8% and representing 53.1% of the total revenue [3]