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Business

Company in focus: China's top train maker is betting on success overseas

CRRC is learning to win over local governments as growth at home levels off

BEIJING The state-owned Chinese train manufacturer CRRC is facing slower growth as its home market matures, which means it is time to do more abroad.

"We are shifting our overseas strategy from zouchuqu [go abroad] to rongjinqu [blend in overseas]," Liu Hualong said in a recent interview with the Nikkei Asian Review. Liu is the chairman of both CRRC Corp. and of the major state-owned enterprise CRRC Group. CRRC Group owns more than 50% of the Hong Kong- and Shanghai-listed core company, CRRC.

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