CRRC to step up efforts in overseas markets

China Railway Rolling Stock Corp, the country's manufacturer of locomotives and rolling stock, will continue to bank on localized manufacturing, procurement, employment, services and management to drive growth in markets related to the Belt and Road Initiative, a senior executive said on Friday.

These five factors will help the group to better integrate with local economy and coordinate its global resources after the company built a number of manufacturing bases in the United States, Australia, South Africa, Malaysia, India, Turkey and other countries over the past five years, said Lou Qiliang, CRRC's vice-president.

He said CRRC has expanded its market presence in 104 countries and regions across six continents.