|Chinese-Bullet-Trains On Display|
Again we see the power a company gains when it is supported, subsidized, or given an unfair advantage driven by its government. The bottom-line is that CRRC's internationalization projects are as ambitious as its research highlighting the goal behind the merger of CNR and CSR was to end the competition between the two Chinese companies on foreign contracts. CRRC has won rail contracts as far afield as Chicago and Kenya. China’s Belt and Road initiative will also bring yet more international business its way. Meaning that the Chinese company's size plus access to cheap finance will let it crush rivals unless they take action. Americans would be wise to pay a little more attention to these mergers and what is happening across the world.
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