Trade initiative boosts technology exports

The Belt and Road Initiative will boost China's exports of high-speed rail technologies and related products as a number of nations are eager to enhance their economic growth with modern transportation networks.

The initiative, proposed by China in 2013, is a trade and infrastructure network that includes the Silk Road Economic Belt and the 21st Century Maritime Silk Road. The planned network connects Asia, Europe and Africa and passes through more than 60 countries and regions.

After selling regular passenger and subway trains, electric multiple units and freight trains to countries such as France, Brazil, Malaysia and South Africa over the past two decades, China staved off fierce competition from Japan to secure a deal for the Jakarta-Bandung high-speed rail project in Indonesia earlier this month.