China to loosen west’s grip on rail sector
A report says that big manufacturers could face competition from cheaper products, as Asia’s slow growth in rail investment may prompt Chinese trainmakers to enter the fray for emerging markets, the FT reports. The world’s big-three passenger train manufacturers – Siemens, France’s Alstom and Canada’s Bombardier – along with GE and Caterpillar’s EMD Division, the dominant forces in diesel locomotives, have long bet advanced technology would keep them on top of the world’s rail supply market.