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Cooling towers sit atop a Google data center in The Dalles, Ore., as expansion continues. (GeekWire Photo / Tom Krazit)

Construction is estimated to last no less than 60 months, and the project will cover around 70 hectares, the statement said.

Considerable differences between major economies can be seen, such as upward revisions in China, the United States and Europe, but weaker-than-expected outcomes in India, Mexico and South Africa.

Country risks are likely to continue to increase globally in the rest of 2020 and beyond, with 61 countries identified as presenting high risks for Chinese enterprises. Some 93 countries are considered medium risk for investment, and 38 countries are low risk, the report said.

Country Garden, one of the country's biggest developers, sold 33 billion yuan (.88 billion) of property in January, a 52.2 percent yearly decline. Vanke, whose monthly sales were 48.8 billion yuan, saw a 28.1 percent drop year-on-year, while Evergrande Group's sales performance shrank by 32.9 percent.