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Colombo industries warn of Chinese take over

Industries in Colombo have warned that Chinese companies are taking over local industry and this would bring about the "collapse of local construction companies within years", the Sunday Times reports. 

Stating that Chinese companies were handling around 40 percent of construction projects, the Construction Industry Development Authority (CIDA) claims the China International Construction (CHINCA) intends to take over 70 percent. 

CIDA has called on the government to approve legislation to protect local construction companies, the paper reported.  

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