Suddenly, the rail industry had a new player that dwarfed its Western competitors (like Siemens, Alstom, and Bombardier). In terms of revenue and production capacity, CRRC became the "aircraft carrier" of the rail world, controlling a massive chunk of the domestic market while setting its sights on the globe.
What do you think about the rise of CRRC? Is global competition good for innovation, or does it raise too many security questions? Let me know in the comments! Suddenly, the rail industry had a new player