World-class bullet trains go global

The stock market saw positive investor sentiment, with the share price of the two companies more than tripling since the announcement last year.

"The merger will unite our technology, management and market resources, thus promoting China's high-level manufacturing and HSR to the world," said CSR president Zheng Changhong.

CNR president Cui Dianguo believed the merger would accelerate innovation and upgrade related industries, changing China's reputation from manufacturing to inventing.

According to the merger plan, the approaching incorporated company will emphasize overseas industrial distribution and management in order to establish promising brand influence.

With HSR technology like permanent magnet synchronous hauling systems and 8-inch IGBT chips now been tested on real locomotives, China's position as the leader in the HSR sector is only expected to be cemented further.