Rail giants gain from 'going global' strategy

'One Belt, One Road' initiatives lead to more chances for international contracts

The titans of the rail equipment and infrastructure sectors have become leading beneficiaries of the nation's industrial upgrading boom and "going global" strategy, and that edge has shown up in their annual results.

Many countries want to improve their regional connections and transportation infrastructure, leading to a surge in deals for CSR Corp and CNR Corp. The country's top two rail equipment manufacturers have reported net profit of 5.32 billion yuan ($858 million) and 5.49 billion yuan, respectively, in 2014, up 28 and 33 percent.