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2025-04-16 22:02:38
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Calcalist - by layer3.news on Nostr: calcalist.co.il ✍️ CRRC, a Chinese state-owned company, has been replaced as a ...



✍️ CRRC, a Chinese state-owned company, has been replaced as a supplier for the light rail line in Jerusalem due to tensions between the US and China.
👉 CRRC is a Chinese state-owned company
👉 CRRC is one of the largest railway manufacturers in the world
👉 CRRC has received significant government subsidies
👉 CRRC has expanded aggressively outside of China
👉 CRRC was added to a US government blacklist in 2020
👉 CRRC has lost several contracts, including one in Israel and another in Romania

#Jerusalem #China #US #Israel #Romania #HongKong #Brazil #India #CzechRepublic #business


The Chinese CRRC rolling stock supplier, which replaced the supply of rolling stock for the Light Rail Line in Jerusalem due to growing tensions in trade between the United States and China, is a state-owned publicly traded company, considered the world's largest train manufacturer in terms of revenue, surpassing its Western competitors Alstom and Siemens.
https://www.calcalist.co.il/local_news/article/skj2nv2c1e

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