Rail convergence goes on fast track

China CNR, CSR merger to create strong global competitor, experts say

The impending merger of China's top trainmakers, China CNR and CSR Corp, will end the harmful price war between the two companies in overseas markets and give the merged entity a clear edge over other global peers, industry experts said on Tuesday.

The government has ordered the merger of CNR and CSR into one company to fuel robust growth, according to a Bloomberg report on Tuesday.