Nation on track for bigger rail role
By Zhong Nan | China Daily | Updated: 2017-09-26 07:39
China will continue to increase its market share in the traditional railway manufacturing sector by pushing more low-cost, high-speed trains, metro trains and related infrastructure into global markets, experts said on Monday.
Their comments came after French train maker Alstom Group and German engineering group Siemens AG said on Friday they were in talks about a tie-up of their rail activities as European companies struggle to cope with competition from China.
Rail mergers have become a trend over the last few years, as producers seek to contain costs in an effort to compete with China Railway Rolling Stock Corp, the country's railway vehicle manufacturer.
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