A PYMNTS Company

China: National railcar makers to merge with global agenda

 |  October 28, 2014

Two of China’s state-owned railcar makers are poised to merge as officials look to establish a global competitor, say reports.

China CNR and CSR Corp would combine as reports say China looks to reinvigorate its state-run enterprises. The plan is head by the nation’s State-owned Assets Supervision and Administration Commission, though both railway companies declined to comment on the reports.

Some analysts are skeptical about the plans, however, noting that combining two major railcar makers would reduce already weakened competition. Experts also note that the merger could re-invite criticism against China’s enforcement of antimonopoly laws, repots say.

Full content: Wall Street Journal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.