• May 3, 2017

    CRRC Profit Dips as Buildup Crests

    Source: Caixin

    BEIJING— Leading Chinese rail equipment maker CRRC Corp. Ltd. expects its train sales to drop by a third over the next decade, as domestic purchasing starts to subside following a multitrillionyuan building spree... "The year 2015 was a historic high," said the source... "We expect Chinese train sales won't ever surpass those levels again."

    PSR Analysis: The decline in sales by China Railway Rolling Stock Corp. (CRRC) that is estimated to continue through 2025 provides the >Read more

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