A "Fuxing" high-speed train runs on the Beijing-Tianjin interurban railway in Beijing on January 25, 2019. China’s growing might in train development has sparked concerns in Europe. Photo: Xinhua

EU derails Franco-German deal to create rail giant aimed at China’s competitive threat

  • Proponents of merger said it is needed to beat back state-backed China rail threat
  • But EU commissioner said merger would create near monopoly and that China isn’t looking to enter European market in ‘foreseeable future’
Topic |   China economy

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A "Fuxing" high-speed train runs on the Beijing-Tianjin interurban railway in Beijing on January 25, 2019. China’s growing might in train development has sparked concerns in Europe. Photo: Xinhua
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