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Because the CRRC is a state backed SOE not a private company. So the Chinese government will highly subsidize these companies which is why Sieman and Alstom wil
by DeonPenny 8y ago
Because the CRRC is a state backed SOE not a private company. So the Chinese government will highly subsidize these companies which is why Sieman and Alstom will never actually have a chance to compete with them.