China boasts huge high-speed rail successes

Global Business

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The China Railway Rolling Stock Corporation recently broke ground on a 60 million dollar plant in Massachusetts. This makes state-owned CRRC the first Chinese rail car manufacturer to win a major transit contract in the U.S.

The rail cars boast an average speed of 218 miles per hour and will be used in Boston’s subway system by 2018.

A provision to build the the rail cars in Massachusetts was a key selling point. Argentina also got on board with CRRC to revamp its ailing transit system. Three Chinese firms merged in June to form CCRC.
It is part of a government effort to export more skills and technology. China plans to connect all its major cities by high-speed rail this year.
In 2013, China’s high-speed rail lines clocked more passenger miles than the rest of the world combined.

For more on China’s high speed rail industry, CCTV’s Phillip Yin spoke to Zhao Jian, a Professor at Beijing Jiaotong University’s School of Economics and Management.

China boasts huge high-speed rail successes

China boasts huge high-speed rail successes

The China Railway Rolling Stock Corporation recently broke ground on a 60 million dollar plant in Massachusetts. This makes state-owned CRRC the first Chinese rail car manufacturer to win a major transit contract in the U.S. The rail cars boast an average speed of 218 miles per hour and will be used in Boston's subway system by 2018. For more on China's high speed rail industry, CCTV's Phillip Yin spoke to Zhao Jian, a Professor at Beijing Jiaotong University's School of Economics and Management.