CRRC on the fast track for global expansion
Editor's note: In the run-up to the 19th National Congress of the Communist Party of China, China Daily will cover a series of key projects and advanced equipment of national importance, showcasing the country's huge improvements and relentless efforts in manufacturing upgrading and innovation.
China Railway Rolling Stock Corp, the country's railway vehicle manufacturer, plans to establish 11 regional branches throughout the world by 2020 and further target key markets including Europe, North America, Russia and Central Asian countries, said a top executive.
The 11 regional branches will be set up in countries such as Russia, the United Kingdom, South Africa and Australia. The company wants to manufacture trains, purchase parts, and build maintenance and service facilities through a localization strategy and hiring local employees in key markets in 2020.