China takes its high-speed trains global

A decade ago, China had to import German, French and Japanese trains to bring its domestic high-speed train dream to reality. Now, Chinese rail companies have mastered the technology to build the trains and are now actively seeking markets overseas to sell their trains, thus competing with the established players in this segment.

China South Locomotive & Rolling Stock Corporation (CSR), the Asian nation's largest train manufacturer, recently signed a contract with Macedonia's national railway company to sell six bullet trains. The agreement follows deals made by China with several other Eastern European countries such as Romania and Hungary to build high-speed rail lines. Beijing is also actively promoting its high speed rail infrastructure and technology in Asia and Africa.

Deutsche Welle reports that China has invested about $500 billion into building its domestic high-speed rail infrastructure. The country currently has more than 11,000 kilometres of dedicated high-speed train tracks, and the trains to transport millions of people. In the story, Thomas König, China expert at the European Council on Foreign Relations, says that China has "identified the potential of the market early on and is now making the most of it."

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Image by Alancrh, via Wikimedia Commons

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