The new entity will have almost 100 per cent of the local market for a broad range of rolling stock, including bullet trains. Photo: Imaginechina The new entity will have almost 100 per cent of the local market for a broad range of rolling stock, including bullet trains. Photo: Imaginechina
The new entity will have almost 100 per cent of the local market for a broad range of rolling stock, including bullet trains. Photo: Imaginechina

Merger of train giants CSR and CNR flags consolidation in China state sector

Tie-up between rolling stock makers CSR and CNR, creating scale for global clout, is seen as flagging a wave of consolidation in state sector

The new entity will have almost 100 per cent of the local market for a broad range of rolling stock, including bullet trains. Photo: Imaginechina The new entity will have almost 100 per cent of the local market for a broad range of rolling stock, including bullet trains. Photo: Imaginechina
The new entity will have almost 100 per cent of the local market for a broad range of rolling stock, including bullet trains. Photo: Imaginechina
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