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China is in negotiations regarding high-speed rail construction and cooperation with 28 countries, Beijing News reports on Monday.
In the worldwide negotiations, talks with Russia, Thailand, Malaysia and Turkey are going on more rapidly. Britain and the United States have also showed interest in cooperating with China, according to Yu Weiping, vice president of China Northern Locomotive & Rolling Stock Industry Corporation. (CNR).
CNR's important offshore projects include the China-Thailand and China-Russia High Speed Rail programs, and an possible agreement with Russia is expected to be reached in 2015, Yu said.
China is completely competent when it comes to three core technologies, namely hauling system, braking system and network control system, but it hasn't received substantial export orders so far, Yu added.
High speed rail projects need vast investment and have long timeframes, with each project taking at least three to five years, but achievements will come, according to Yu.
The merger of China South Locomotive and Rolling Stock Corporation Limited (commonly known as CSR) and CNR will create a multinational high-end enterprise, which will promote the "going-out" strategy and enable China to play a greater role in the global high-speed rail market, Yu said.
Business > Marketing > Online MarketingIT Company Cyprus: Offering complete IT solutions to the businesses worldwide
Posted by matthewdavis9179 in Business on July 23rd, 2014
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