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ATAHK reads from “CCTV.com” that the global reach of numerous Chinese companies is expanding on an increasingly large scale. A growing number of high-end equipment manufacturers are looking to export expertise and technology as well as their products.
As China’s domestic high-speed rail network becomes more developed, the country’s train makers are gaining additional overseas customers. Export revenues of China CNR Corporation Limited, one of China’s largest train manufacturers, reached more than 1.5 billion USD in the first half of 2014. That’s a 178% increase compared with last year.
The senior engineer says that part of his company’s success is that it tailors its designs to the conditions in other countries. The train manufacturer has also improved its after-sales services to meet local demand. Ministry of Commerce officials say many high-end Chinese manufacturers have achieved significant breakthroughs in global markets despite a slowdown in overseas investments during the first half of this year.
“Premier Li Keqiang has been promoting Chinese high-speed rail networks many times. Like the rail network, many domestic high tech industries such as nuclear power, wind power, and telecommunications have seen increasing growth in overseas markets,” said Fang Wei from Ministry of Commerce.
Fang Wei says one of the major challenges that Chinese companies going abroad face is to meet different local technical standards and service demands. Wei says the Ministry of Commerce will continue to adopt flexible measures to encourage more Chinese companies to expand abroad.
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