CRRC's train models on display at an exhibition in Beijing. The company's shares are performing badly. Photo: XinhuaCRRC's train models on display at an exhibition in Beijing. The company's shares are performing badly. Photo: Xinhua
CRRC's train models on display at an exhibition in Beijing. The company's shares are performing badly. Photo: Xinhua
Ray Chan
Opinion

Opinion

Portfolio by Ray Chan

Merged China train maker shows not all state firms are safe bets

Shares of CRRC, the high-profile combination of CNR and CSR, have fallen 40pc since their debut

CRRC's train models on display at an exhibition in Beijing. The company's shares are performing badly. Photo: XinhuaCRRC's train models on display at an exhibition in Beijing. The company's shares are performing badly. Photo: Xinhua
CRRC's train models on display at an exhibition in Beijing. The company's shares are performing badly. Photo: Xinhua
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