Report: Chinese Policies Damaging HSR, Globally

Written by William C. Vantuono, Editor-in-Chief

Chinese SOE (state-owned enterprise) CRRC (China Rail Rolling Stock Corp.) “is less innovative than European and Japanese firms, but mercantilist policies help it dominate in China and expand globally. This starves superior firms of revenue, reduces their R&D and slows the pace of global innovation,” according to a report from an independent Washington, D.C.-based think tank.

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