CRRC Corp was officially launched on June 1 with the completion of the merger of rolling stock manufacturers China CNR Corp and CSR Corp.
CRRC has inherited all the businesses and assets of CNR and CSR, which between than had a greater than 90% market share in China. CRRC says it is the ‘largest rolling stock supplier in the world’ with ‘the largest scale, most complete portfolio and advanced technology.’ It has 175 700 employees, with its headquarters in Beijing.
Since 2009, China has built more than 10,000 kilometers of high-speed railroad lines, the most in the world, and now the government wants the rail equipment companies to sell bullet trains overseas. Chinese companies have not won any foreign contracts to export a bullet train so far.
Full content: Caixin Online
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DirecTV and Disney Resolve Dispute, Restore Programming for Subscribers
Sep 15, 2024 by
CPI
UK Antitrust Authority Raises Concerns Over Vodafone-Three Merger
Sep 15, 2024 by
CPI
Brazilian Supreme Court Lifts Freeze on Starlink Accounts, Transfers $3.3 Million to National Treasury
Sep 15, 2024 by
CPI
Steptoe Expands Antitrust Practice with Key London Hire
Sep 15, 2024 by
CPI
Instant Ad Auctions at the Heart of Google’s Federal Monopoly Case
Sep 15, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández