China rail firms eye global market with merger
Shanghai (AFP) Dec 31, 2014 - The merger of China's top two train makers will create a "world-leading" rail supplier to compete with foreign players, they said, as enthusiastic investors sent their share prices surging Wednesday. State-owned firms China CNR Corp. and CSR Corp. will unite into a single huge conglomerate, preventing in-fighting between the two as China vies for lucrative rail contracts overseas against ind ... more
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