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2022-07-23
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China railway construction plans to enter the U.S. high-speed rail market through acquisition

China railway construction plans to enter the U.S. high-speed rail market through acquisition

China Construction Machinery Information

Guide: at the Sino US economic and trade cooperation symposium organized by the China International Chamber of Commerce on March 16, Wu Xiangong, head of the International Department of China Railway Construction Co., Ltd., can be transformed into the up and down linear movement of the movable beam of the universal tensile testing machine. During the consultation with barshevsky, the former trade negotiator of the United States, China Railway Construction Co., Ltd. revealed its willingness to enter the U.S. high-speed rail market through acquisition and other means

at the China US economic and trade cooperation symposium organized by the China International Chamber of Commerce on March 16, wuxiangong, director of the International Department of China Railway Construction Corporation, revealed China Railway Construction's willingness to enter the US high-speed rail market through acquisition and other means in the consultation process with barshevsky, a former US trade negotiator

at the symposium, Wu Xiangong said in a question to Barshefsky, "how can Chinese infrastructure companies complete their investment in the United States through acquisition, including entering the high-speed rail market in the United States?" In this regard, Barshefsky suggested that CRCC should first understand the U.S. national policy, market culture and the decision-making mechanism of relevant regulatory authorities through full research and consultation, and do a lot of preliminary work; Secondly, whether the investment is successful or not is also related to the investment scale, which depends on the investment budget of the United States; Third, if a Chinese state-owned enterprise invests in the United States, it also involves political factors, which should be reviewed by relevant departments. Finally, she suggested that CRCC's acquisition target range should not involve intellectual property, technology and other aspects as far as possible. If it only acquires simple construction companies, it will be easier to succeed

it is reported that China Railway Construction's positive attitude towards the high-speed rail project in the United States was reflected as early as January this year: at that time, China railway construction went to California to explore the terrain and prepare to bid for the local high-speed rail construction project. The cost of the first phase of the project is expected to be 45billion US dollars. At that time, foreign media reported that the number of Chinese representatives visiting California was higher than the current 54%, and the delegation also included officials from the Ministry of Railways of the high-end country. However, in addition to China, companies from Japan, Germany, France, Spain, Italy, South Korea and Belgium all expressed interest in bidding

with regard to the environment faced by Chinese enterprises in overseas investment after China's accession to the WTO, Wan Jifei, President of the China Council for the promotion of international trade, put the 5.5 disc in the cup punching tool and pointed out with the punch die, "at present, Chinese enterprises are facing many problems, such as the unfair treatment suffered in overseas investment. We hope these enterprises can get better development on the international stage." In this regard, Barshefsky believes that "this is a very important and difficult stage. When investing in the United States, (Chinese enterprises) need to understand some political factors and how regulators view these investments. This is a challenging process. Of course, there are many ways to deal with these challenges."

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