BEIJING: China has now set out to enter the HSR (high-speed rail market) in the U.S. in collaboration with General Electric. GE said in a statement that the venture would advance high-speed and other rail technology in the United States besides creating 250 jobs by 2012. The new company will be the first U.S. manufacturer ready to supply HSR passenger trains for projects in Florida and California, it said.
China’s CSR Corporation Ltd chairman Zhao Xiaogang said the move will result in the creation of a leading passenger transportation business by combining CSR’s extensive experience with GE’s expertise in manufacturing and supply chain management besides it in-depth knowledge of the U.S. rail market. Chinese Vice Premier Zhang Dejiang told the World Congress on High Speed Rail in Beijing Tuesday that his country was keen to expand mutually beneficial cooperation with other countries to promote safe, convenient, efficient and green railways.
Read more: The Times of India.
Hat tip: Sanjeev Kulkarni