CRRC

SAFE TRAINS Act: Get On Board

The response from my previous article, “North America Rail Supply and China: Why We Should be Concerned,” has been overwhelming and supportive. Apparently, I ripped a Band-Aid off a topic that’s been unfolding and finally being realized by many over the past decade.

North American Rail Supply and China: Why We Should Be Concerned

Caveat: I am a free-market capitalist who believes in the importance of trade to elevate global prosperity. I believe in comparative advantage, and how countries excel at the supply of certain goods and services, to the benefit of others. I now believe that there needs to be market boundaries, for the long-term health of entire industries and the well-being and security of our citizens.

Report: Chinese Policies Damaging HSR, Globally

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.

CRRC’s “Chief Obligation is to the Chinese State”: Report

“CRRC AND BEIJING’S DASH FOR GLOBAL ROLLING STOCK DOMINANCE,” a report prepared by Radarlock, which describes itself as “a research organization that uses data-driven analysis to understand techno-economic dynamics in world affairs,” says that China Railway Rolling Stock Corp. (CRRC) is an arm of the Chinese government with “indelible ties to the Chinese Communist Party,” and whose executives “wear dual hats as corporate and as Party leaders.”